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Property description
SpanConey Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11, 461.00 Yearly $ 137, 532.00 Income Gross Expense $ 28, 568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways and many apartments are modernize and updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! BRP Exclusive! Just unpack and collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT and pays on time/spanFor more details:
Listed by: Jean Paul Ho