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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
Location/Town | New York |
Area/County | Brooklyn |
Post Office/Postal City | Brooklyn |
Prop. Type | Single Family House for Sale |
Style | Other |
Tax | $11,409.00 |
Year Built | 1930 |
Construction | Brick |
Total Units | 5 |
Lot Size | 30X100 |
Lot SqFt | 3,000 |
Cooling | None |
Heat Source | Other |
Util Incl | None |
Condition | Actual |
Lot Features | Back Yard, Paved, See Remarks |
Parking Features | Driveway |
Tax Assessed Value | 188550 |
Units | 5 |
School District | Brooklyn 18 |
Middle School | Middle School For Art And Phil |
Elementary School | Ps 219 Kennedy-King |
High School | East Brooklyn Community High S |
Features | Other |
Listing information courtesy of: Exit Realty First Choice |