Renovated 4 Family house great for user or investor. Currently all rented and rent roll is approximately at $100k plus there is a unfinished basement, that can be finished for additional income which can bring in NOI of $85k to $100k a year. Currently at 5%CAP with potential to go up to 10%+CAP. The lot is 40 x 100 with R4 zoning and has potential to add more sf or raise rents. (2 buildings on one lot and each building has a 2 family house) Can park up to 6 cars on the lot. Prime Sheepshead Bay location. The first building has 2bed/1bath over 2bed/1bath and the second building has 3bed/1bath over 1bed/bath plus garage. Great for investors, as the property was recently renovated and can enjoy passive income at current rent at 5%CAP from day one. Call with any questions. What are you waiting for, the numbers are actual and the NOI was $75k with upside potential. You get a 4 family, 1 car garage, up to 6 car spots on the lot and cash flowing at 5% CAP from day 1 with huge upside.
Note....Owner requests that all must show pre-approval or proof of funds before setting up a showing of the property. Also, do not disturb the tenants. All showings will be set up by listing Broker. Please, call or text with any questions. **Please, see floor plans attached.** Neighborhood highlights
Since 1987
