Turnkey 4 Unit Investment Property in Harlem Fully Renovated Strong Cash Flow Free Market Exceptional opportunity to acquire a fully leased, free market four family building in the heart of ...
| Website: | https://www.nestseekers.com/5672207 |
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| Address: | New York, NY 10030 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 7 BR |
| Bathrooms: | 5 |
| Lot Size: | 0.0 Acres |
Financials
Description
Turnkey 4-Unit Investment Property in Harlem | Fully Renovated | Strong Cash Flow | Free Market
Exceptional opportunity to acquire a fully leased, free-market four-family building in the heart of Harlem. Originally a single-family home, the property underwent a complete gut renovation and was rebuilt in 2020 to meet modern four-family specifications. Every major component was newly constructed, creating a low-maintenance, turnkey asset designed for long-term performance.
This income-producing property generates $13,882 per month in gross rental income and delivers an impressive net operating income of approximately $8,487 per month after expenses. All four apartments have been tastefully renovated and are occupied by well-qualified tenants with a strong history of on-time payments, providing immediate and reliable cash flow from day one.
Investment Highlights
Fully free-market 4-unit building
Complete redevelopment completed in 2020
Gross Monthly Rent: $13,882
Net Monthly Income: Approximately $8,487
Fully occupied with qualified, dependable tenants
Modern renovations throughout
Low-maintenance investment with strong in-place income
Unit Breakdown
First Floor Duplex
Spacious duplex residence
Exclusive use of the finished basement
Private backyard access
Second Floor
2 Bedrooms
1 Bathroom
Private balcony
Third Floor
2 Bedrooms
1 Bathroom
Fourth Floor
1 Bedroom
1 Bathroom
Expansive private balcony with generous outdoor space
Whether you're completing a 1031 exchange, expanding your multifamily portfolio, or seeking a stable, cash-flowing asset in one of Manhattan's most desirable rental markets, this property offers the ideal combination of strong in-place income, modern construction, and long-term appreciation potential.
Properties of this caliber—fully renovated, fully leased, free-market, and producing immediate positive cash flow—rarely become available. This is a true turnkey investment with nothing left to do but collect the rent.
Amenities
- Cable Connected
- Electricity Connected
- First Floor Bedroom
- First Floor Full Bath
- Granite Counters
- High Speed Internet
- Master Downstairs
- Natural Gas Connected
- Open Floorplan
- Phone Connected
- Primary Bathroom
- Recessed Lighting
- Sewer Connected
- Storage
- Trash Collection Public
- Underground Utilities
- Washer/Dryer Hookup
- Water Connected
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 | |
| Listing Courtesy of Park Assets Real Estate Corp | |