New York, NY 10461

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,095,000
Annual Taxes:$8,553.60
505 Park Ave, New York, NY 10022
Listing Courtesy of Lemon Realty LLC

Fully Detached Two Family Home with Strong Rental Income in Morris Park Welcome to this well maintained and thoughtfully updated fully detached two family home in the heart of Morris ...

Description

Fully Detached Two-Family Home with Strong Rental Income in Morris Park Welcome to this well-maintained and thoughtfully updated fully detached two-family home in the heart of Morris Park. Offering a versatile layout, strong rental income, and a desirable combination of indoor and outdoor space, this property is an excellent opportunity for both investors and owner-occupants. The property features three separate units, including two spacious 3-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. All three units feature newer kitchens installed in 2024, along with updated flooring and bedroom carpeting. Property Highlights: Fully detached two-family home 3-bedroom/1-bath unit 3-bedroom/1-bath unit 1-bedroom/1-bath unit Three (3) new kitchens installed in 2024 New heating system installed in 2024 Newer flooring and bedroom carpeting The house siding also new Roof in great condition, no leaks whatsoever Spacious attic with additional storage potential Great backyard Front and rear decks with awnings New awning over the rear deck Shared driveway Detached one-car garage Shared laundry room available for tenant use The property is fully rented with excellent tenants, providing an attractive income-producing opportunity from day one. The tenants have a strong payment history, with absolutely no missed payments. We can provide receipts to show on-time payments, share leases and monthly rents. Conveniently located in Morris Park, close to local shops, restaurants, schools, transportation, and everyday amenities. With its detached layout, multiple units, outdoor space, garage, and recent improvements, this property offers a compelling combination of income potential and long-term value.

Amenities

  • Eat-in Kitchen
  • Electricity Connected
  • Entrance Foyer
  • Granite Counters
  • High ceiling
  • Natural Gas Connected
  • Natural Woodwork
  • Open Floorplan
  • Open Kitchen
  • Phone Connected
  • Quartz/Quartzite Counters
  • Washer/Dryer Hookup

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.