Stable Investment Property, 7-APTs, Low Expenses, Excellent Condition!

Property currently consists of a 4-story with approximately 4100SF if keeping the existing building as investment property this building is in excellent condition. 7 apartments Building expenses ONLY$8,200 Per year!**

A 4-story plus basement, approximately 4,200 sf gross square foot walk-up apartment building located in the highly coveted central location right on Lexington ave and the new Costco on East 117th St and steps from the Jefferson Park and FDR Drive with the revitalization of Harlem makes this growing community one of Upper East Side' s most vibrant neighborhood of Manhattan.  Built around 1920, the property is situated on the north side of East 108th Street between Third Ave and Lexington.  There are 7-residential apartments all at fair market that provide significant upside potential for the value-add type of investor. The unit mix is comprised of three (3) two-bedroom apartments, two (2) one-bedroom apartments and two (2) studios. This is an excellent opportunity for an investor who is looking for strong-in place cash flow with long-term upside in the below market rents. Each unit is equipped with a central air system and a washer and dryer, equipped with brand new stainless steel appliances, hard wood floors, building is currently fully occupied.

*ALL FREE MARKET RENTS*

Property currently generates $149,400.00 Per Year.