Legal 3 Family, Good Property to own live in one apartment and rent the other two or keep as investment.


Property

Website:https://www.nestseekers.com/5631083
Address:
New York, NY 11691
Ownership: For Sale
Type: Unknown
Bedrooms: 3 BR
Bathrooms: 1

Financials

Price:$1,250,000
Annual Taxes:$6,070

Description

Legal 3 Family, Good Property to own live in one apartment and rent the other two or keep as investment. PROJECTION: FLOOR-1 TWO BEDROOMS $2,500 Mo. FLOOR-2 THREE BEDROOMS $3,500 Mo. FLOOR-3 THREE BEDROOMS $3,500 Mo. Tot. Year inclome: $114,000 Tot. Year Expense: $17,000 (taxes, Ins., Heat) NOI: $97,000 Yr. (Net) appx. 8% Cap rate Lease and resell for new value with a 5% Cap rate for $1,940,000 -- Retun profit of $699,000 within 6 months to 1 year. The information has ben provided by the seller and has not been verified bythe Broker. Information is deemed reliable but not guaaranteed.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Voro LLC