Investment Opportunity Vacant R4 Three Family on Oversized Lot Excellent opportunity to own a vacant three family property situated on an oversized R4 lot with a two car garage, large ...
635 38th Street
New York, NY 11203
Listing
| Web ID: | 5814429 |
|---|---|
| Website: | https://www.nestseekers.com/5814429 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 8 BR |
| Bathrooms: | 3 |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,550,000
Annual Taxes:$9,069.44
Description
Investment Opportunity – Vacant R4 Three-Family on Oversized Lot
Excellent opportunity to own a vacant three-family property situated on an oversized R4 lot with a two-car garage, large driveway, and ample off-street parking. This property offers tremendous income potential, whether used strictly as an investment or as an owner-occupied home with rental income from the additional units.
The first-floor unit features 3 bedrooms, a living room, dining room, and kitchen. The second unit is an oversized duplex offering 4 bedrooms and 2 bathrooms. The lower-level unit includes 1 bedroom. The home needs updating, but offers strong upside for investors, developers, or buyers looking to customize and add value.
Additional income potential may be available through the two-car garage and spacious driveway, which can be rented separately. Architect comments are available upon request regarding potential development opportunities due to the property’s lot size. Buyer to perform due diligence regarding development possibilities, zoning, and permitted use.
Amenities
- Back Yard
- Cable - Available
- Electricity Connected
- First Floor Bedroom
- First Floor Full Bath
- Natural Gas Connected
Contact
Listing Courtesy of YourHomeSold Guaranteed Realty