Welcome to a fantastic, income generating multi family property in the heart of highly sought after Kensington, Brooklyn !
| Website: | https://www.nestseekers.com/5645690 |
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| Address: | New York, NY 11218 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 7 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.1 Acres |
Financials
Description
Welcome to a fantastic, income-generating multi-family property in the heart of highly sought-after Kensington, Brooklyn! This solid brick four-family home offers the ultimate flexibility: keep it as a fully cash-flowing addition to your portfolio, or move into the vacant unit and let the other tenants pay your mortgage.
The Residences
Unit #1 (Front - 2 BR / 1 BA | 940 Sq. Ft.): DELIVERED VACANT! Perfect for an owner-occupant or a high-rent lease. Freshly updated and painted.
Unit #2 (Rear - 1 BR / 1 BA | 620 Sq. Ft.): Cozy layout with wood flooring, currently occupied.
Unit #3 (Front - 2 BR / 1 BA | 780 Sq. Ft.): Jan 2025 Updated kitchen & full bath, wood flooring.
Unit #4 (Rear - 2 BR / 1 BA | 780 Sq. Ft.): Updated kitchen & full bath, wood flooring, new lighting, new electric panel and spray foam insulation.
Key Capital Improvements: Brand New Roof (2024): Newly installed on both the main house and the detached garages, Exterior brick repointed, Fresh Paint: Freshly painted brick exterior on north side of the house, New hot 75 gallon hot water heater (2026). Passive Income: includes a detached 3-bay garage structure. Currently rented to a long-term tenant. Can be delivered vacant. Massive Basement features a large storage area and a separate utility/mechanical area—perfect for tenant storage or property management use.
Situated on a quiet residential block in Kensington, you are just moments away from local cafes, diverse dining, shopping, and excellent transit options (F & G trains) for a quick, seamless commute into Manhattan or other parts of Brooklyn.
An incredible asset with massive appreciation potential, and major capital improvements already complete. Schedule your tour today!
Virtual Tour: https://tours.requesttours.com/618-E-2nd-St/idx
Amenities
- Back Yard
- Cable - Available
- Electricity Connected
- Natural Gas Connected
- Near Public Transit
- Near School
- Near Shops
- Other
- Stone/Brick Wall
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of Coldwell Banker American Homes | |