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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

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of YourHomeSold Guaranteed Realty
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