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Property description
EXCELLENT INVESTMENT OPPORTUNITY! Red brick multi family 2 blocks from subway. Approved plans to add a unit in the basement converting to a legal 3-unit. All approvals from DOB in place and hence all criteria/restrictions have been met, can begin construction immediately.The 2 units are currently rented with all payments on time. Total rent potential for 3-units is $85,000 per annum with very low taxes. Cost of construction should be 150K 200K giving a cap rate of 6.2% 6.6%.
9 bedrooms House in Little New York, USA No. 1095
$ 1 200 000
per m²
9
Rooms
9
Bedrooms
5
Bathrooms
Little New York, USA
Parameters
Rooms
9
Bedrooms
9
Bathrooms
5
Living space, m²
0
ID
1095
Address
495 Linwood Street
Type
House
Features
Features
- Luxury real estate
Indoor facilities
- Basement