Legal 4 Family + Legal Basement investment Opportunity *% cap Rate
INCREDIBLE INVESTMENT OPPORTUNITY!! PLEASE READ BELOW FOR NOI REPORT
Legal 4 family with legal 3 bedroom basement for additional income
Exceptional Four-Family Investment Property in East Flatbush
Discover an incredible investment opportunity with this well-maintained four-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location.
Property Features:
Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants.
Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential.
Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation.
**Recent Upgrades:
New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs.
New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants.
Prime Location:
Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options.
Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for families and tenants.
Investment Highlights:
Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income.
Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing
High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand.
INVESTMENT OPPORTUNITY ! 8 % CAP RATE ,BROWNSVILLE , FREE MARKET property in East Flatbush/BROWNSVILLE SECTION is a great investment... offering versatility, comfort, and an excellent location. It represents a prime investment opportunity with significant income potential. Don’t miss out on this chance to enhance your real estate portfolio. Contact us today to schedule a viewing!
PROPERTY DETAILS: TAXES $9457
• Multi-Family Property
• Two-story walk-up
• 5 Units
• Lot Size: 30 × 100ft
• Brand new boiler and plumbing throughout building
Expenses:
TAXES- $10,887
INSURANCE-$5,000
WATER-$3000
GAS-$3000 (HEAT & HOT WATER )
ELECTRIC-$1500
• Approximately $23,387
CURRENT RENT ROLL:
• Apt 1F: $2,040
• Apt 1R: $2,417
• Apt 2F: $3,385
• Apt 2R: $2,387
Leases expire march 2026
current up to date rent roll is $122,748 annual ( without basement included
• Basement: $2,500 performa currently vacant
• Annual gross Rent Roll: $122,748 NET OPERATING INCOME AFTER EXPENSE $99,361
