Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 5
Pets: Pets No

Financials

Price:C769,000
($551,126.92)
(€493,876.73)
Annual Taxes:C4,156
505 Park Ave, New York, NY 10022

Description

Rare Opportunity Solid 5-Plex Investment Property! Don't miss your chance to own this rare 5-unit multi-family property perfect for first-time investors or those looking to expand their portfolio. This solid building offers immediate cash flow and long-term potential, with four units currently rented and one vacant, offering the flexibility to move in or lease at market rent. Conveniently located just minutes from downtown and close to a wide range of amenities, this property is ideally situated for tenants and owners alike. Each unit features its own hydro meter, giving tenants control over their own utilities an attractive feature for renters and a cost-saving perk for landlords. While the building is structurally sound, it offers a great opportunity for value-add improvements with a bit of TLC. Whether you're looking for steady income or future appreciation, this 5-plex is a smart investment in a high-demand area.

Amenities

  • Storage
  • Water Heater

Rare Opportunity Solid 5 Plex Investment Property !


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.