![[Gravesend Real Estate, listing number 3312663]](https://www.vlshomes.com/images/full/3312663a.jpg)
| Description: 3312663 | |
| Prime Avenue U / MidWood Location â?? Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20â?? x 72â?? on a 20â?? x 100â?? lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5â??5.5% cap rate. Building is located near Avenue Uâ??s vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow propertyâ??no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood. | |
Details: |
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| Families: | 6 | |
| Bedrooms: | 6 | |
| Bathrooms: | 6 | |
| Property Type: | Multi-Family | |
| Rooms: | 24 | |
| Built: | 1928 | |
Financials: |
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| Price: | $1,500,000 | |
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