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This Is An Excellent Investment Opportunity In Williamsburg, Brooklyn! The Combination Of A Bustling Commercial Space With A Restaurant And Multiple Residential Units Can Provide A Solid Income Stream. With A Return Rate Close 7% And No Renovations Needed, The Annual Gross Income Is Nearly $175, 440/year And Monthly Gross Income Is $14, 620, The Net Income $139, 445/year And Monthly Net Income $11, 620. This Is A Location With A Very High Return On Investment Property, Especially With Stable Tenants In Place. The Layout Of Two Units Per Floor, With A Mix Of Two-bedroom And One-bedroom Apartments, Caters To A Variety Of Renters, Which Is A Plus. The Proximity To Broadway Commercial Street And Access To Multiple Subway Lines Enhances Its Appeal, Making It Convenient For Both Residents And Customers.
Location/Town | New York |
Area/County | Brooklyn |
Post Office/Postal City | Brooklyn |
Prop. Type | Single Family House for Sale |
Tax | $11,843.00 |
Year Built | 1931 |
Basement | See Remarks |
Construction | Brick |
Total Units | 6 |
Lot SqFt | 1,985 |
Cooling | Wall/Window Unit(s) |
Heat Source | Natural Gas, Other |
Util Incl | See Remarks |
Days On Market | 48 |
Tax Assessed Value | 712800 |
Units | 6 |
Features | Other |
Listing information courtesy of: E Realty International Corp |