Rye Town, NY 10573

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.13 Acres

Financials

Price:$1,325,000
Annual Taxes:$22,867.74
505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams NY Realty

Description

OPPORTUNITY KNOCKS LEGAL 5 FAMILY INVESTMENT - INVESTOR & END USER MUST UNDERSTAND FUTURE VALUE ADD OPPORTUNITY!! Don't miss this rare opportunity to own this legal 5-family home on the market for the first time in over three decades. Terrific value-add that offers ample parking, a garage, and opportunity to increase revenue by developing a laundry room and storage in the lower level. Investment Features: (3) one-bedroom , (1) two-bedroom, and (1) studio apartment, each with separate electrical meters, classic hardwood floors, high ceilings, and appealing character. Enjoy a quiet & peaceful street, with easy access to major shopping, Costco, Whole Foods, all restaurants. All transportation, New Haven (train line), and all major highways. **All units are currently rented below market value – Sold As Is.** A perfect fit for savvy investors, 1031 exchange buyers, and those looking to live in one unit while generating substantial rental. An opportunity not to be missed! Currently all Tenants are month-to-month!! PROJECTED RENT ROLLS OVER $150,000.

Amenities

  • Electricity Connected
  • Electric Range
  • Level
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Refrigerator
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

OPPORTUNITY KNOCKS LEGAL 5 FAMILY INVESTMENT INVESTOR amp ; END USER MUST UNDERSTAND FUTURE VALUE ADD OPPORTUNITY !


Long Island MLS

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.