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Single Family House for Sale in New York (manhattan), New York, Manhattan, NY 10030 | Web ID: 1034655 | $1,799,999

286 W 137th Street , New York (manhattan) , NY 10030

 
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Property Description

Turnkey 4-unit Investment Property In Harlem | Fully Renovated | Strong Cash Flow | Free Market Exceptional Opportunity To Acquire A Fully Leased, Free-market Four-family Building In The Heart Of Harlem. Originally A Single-family Home, The Property Underwent A Complete Gut Renovation And Was Rebuilt In 2020 To Meet Modern Four-family Specifications. Every Major Component Was Newly Constructed, Creating A Low-maintenance, Turnkey Asset Designed For Long-term Performance. This Income-producing Property Generates $13, 882 Per Month In Gross Rental Income And Delivers An Impressive Net Operating Income Of Approximately $8, 487 Per Month After Expenses. All Four Apartments Have Been Tastefully Renovated And Are Occupied By Well-qualified Tenants With A Strong History Of On-time Payments, Providing Immediate And Reliable Cash Flow From Day One. Investment Highlights Fully Free-market 4-unit Building Complete Redevelopment Completed In 2020 Gross Monthly Rent: $13, 882 Net Monthly Income: Approximately $8, 487 Fully Occupied With Qualified, Dependable Tenants Modern Renovations Throughout Low-maintenance Investment With Strong In-place Income Unit Breakdown First Floor Duplex Spacious Duplex Residence Exclusive Use Of The Finished Basement Private Backyard Access Second Floor 2 Bedrooms 1 Bathroom Private Balcony Third Floor 2 Bedrooms 1 Bathroom Fourth Floor 1 Bedroom 1 Bathroom Expansive Private Balcony With Generous Outdoor Space Whether You're Completing A 1031 Exchange, Expanding Your Multifamily Portfolio, Or Seeking A Stable, Cash-flowing Asset In One Of Manhattan's Most Desirable Rental Markets, This Property Offers The Ideal Combination Of Strong In-place Income, Modern Construction, And Long-term Appreciation Potential. Properties Of This Caliber—fully Renovated, Fully Leased, Free-market, And Producing Immediate Positive Cash Flow—rarely Become Available. This Is A True Turnkey Investment With Nothing Left To Do But Collect The Rent.

Property Information

Location/Town New York
Area/County Manhattan
Post Office/Postal City New York (Manhattan)
Prop. Type Single Family House for Sale
Style Mid Rise, Modern
Tax $40,388.00
Bedrooms 7
Total Baths 5
Full Baths 5
Year Built 1910
Basement Finished, Full, Storage Space, Walk-Out Access
Construction Brownstone, Energy Star
Total Units 4
Lot SqFt 1,549
Cooling Central Air, ENERGY STAR Qualified
Heat Source ENERGY STAR Qualifie
Util Incl Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Patio Patio
Days On Market 1
Parking Features On Street
Tax Assessed Value 374400
Units 4
Features First floor bedroom, first floor full bath, granite counters, high speed internet, open floorplan, primary bathroom, master downstairs, recessed lighting, storage, washer/dryer hookup
Listing information courtesy of: Park Assets Real Estate Corp

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