12 beds 4 baths Townhouse
Here is a great investment opportunity with 11.5% Cap rate. $125200 income on $1.099.000 investment.
Two identical buildings stand side by side on a 75x100 lot. 165 Corson has been approved as a legal two-family residence, and the seller is currently awaiting a Letter of No Objection for 163 Corson to be approved as a two-family unit as well. Despite the potential upside, the seller has priced these two buildings for a three-unit sale, with two of those units being delivered vacant in November. Each unit is extremely spacious, featuring an eat-in kitchen, living room, dining room, and three bedrooms, which can be utilized as four-bedroom rentals. Each unit has a separate boiler and hot water tank (2 new boilers and 3 new hot water tanks) leaving the seller with expenses only for water, insurance, and property taxes. 2 of the apartments will be delivered vacant, rent is projected as fully occupied. Conveniently located to the Staten Island Ferry, express buses to NYC, and the new Empire Outlets, with easy access to the Verrazzano-Narrows Bridge.
Gross income: $141600
Total expenses (including taxes): $16200
Net income: $125200
Four family house in Brooklyn for 1.800.000
This house is perfect for cash flow or investment.
Here are 6 units house with 181200 annual gross income,
One of the basement units pays 1100, the next one is vacant and bigger and potentially can be rented for 3000
2 apartments on the second floor, 1800+2400
3dr floor apartment pays 2800
Plus 3 bed 2.5 bath apartment on the 1st floor can be rented for 4000-4500
The current annual cash flow is 93600
The 1st-floor apartment can bring an additional 4000x12=4800
Plus vacant basement another 3000X12=36000
All together 181200
Taxes and maintenance are 30.000 annually.
It`s over 8.5% cap rate.
This is a very safe and very well-maintained community, just a few steps from the beach.
There are 6 car parking spaces and another garage to rent out. The tenants are responsible for all utilities, except the water bill. We are open to reasonable offers, we have also 4 apartment houses for 1.100.000, with a good cup rate. here is the video of the house from the outside.
https://youtu.be/uSJn-DN7SWs
SINGLE FAMILY HOUSEVCONVERTED INTO 4 RENTAL UNITS FOR $1.200.000
This is a great single-family townhouse to live in and to generate a cash flow, it 5 units, with 10 bedrooms and 5 bathrooms, and each unit has a separate entrance.
1st floor will be delivered vacant, potential rent is 4000
The second-floor apartment pays 2650
Third-floor apartment pays 1300
Two apartments in the basement, and one of them pays 1200
The current rent roll is 2650+1300+1200=5150X12=61800
The cash flow can be raised potentially if you rent out the first floor for 4000 and the second basement for 1200 or for more. so 5200X12=62400
there is a renovated shade in the backyard that can be rented for 800.
61800+62400=124.200 gross income
Taxes and expenses are 9000, with a net income of 115.200. Not including the shade and the income from there.
After all expenses min 10% cap rate, call me at 8452819487 number.
An excellent 4 family house in Brooklyn
This house is perfect for cash flow or investment. Hello agents. Here is a great investment option in Brooklyn for 1.495.000 Here is a 6-unit house with 140000 annual gross income, potentially the income can be raised up to 150.000, and the HOA is 15000 annual. 125.000-140.000 net income. This is a very safe and very well maintained community, just on a few steps from the beach. There are 6 car parking spaces and another garage to rent out. The tenants are responsible for all utilities, except the water bill. We are open for reasonable offers, we also have 4 apartment hous for 1.100.000, with a good cup rate. Here is the video of the house from the outside. Here is the video of the house from outside.