Newly gut-renovated 3-family. Pristine condition with great quality tenants, providing immediate strong cash-flow for any investor. Property may also be delivered vacant by closing for any end-user in search of a beautiful, move-in ready home. Property is located in the heart of East Flatbush, a vibrant neighborhood situated just south of beautiful Prospect Park. The 2 & 5 express subway lines are within a 5 minute walk from the property, providing a direct 30-minute commute into lower Manhattan.
Layouts and collected rents are as follows:
Floor 1 - 4bed/2bath Duplex (into the basement). Private Yard. Current rent of $3,725/month.
Floor 2 - 3bed/1bath. Current rent of $2,600/month.
Floor 3 - 4bed/1bath. Current rent of $2,900/month.
Property is built 20×50 per floor with an approximate 5×15 side cut-out, allowing great light exposure throughout each floor. Property has true charm to it. Showings available anytime with advanced notice.
*This property is not subject to any rent-stabilization or rent-control city ordinances, enabling an owner to capitalize on all uptrends in the rental market. This is vital to any novice out-of-state investor who wants to eliminate all exposure to rent restrictions (seen on NY properties that are 6+ units).*