Presenting an exceptional opportunity to acquire a turnkey investment or a primary residence with an income-generating rental in the thriving East New York neighborhood. This semi detached, legally zoned two-family home was completely rebuilt in 2019, showcasing intelligent layouts and high-quality finishes throughout. The second-floor unit is a bright… Read More and airy 3-bedroom, 2-bathroom apartment featuring high ceilings and a skylight. It is currently occupied by a reliable tenant on a month-to-month lease. The first-floor apartment offers a spacious 3-bedroom, 2-bathroom layout with a generous living room, high ceilings, and access to a finished basement as well as a large 30 x 22 feet private backyard. The finished basement includes a full-sized windowed bathroom and direct access to the backyard, making it an ideal space for recreation, a home gym, or a home office. Each unit is equipped with separate boilers and water heaters, allowing for independent heating expenses. 461 Milford street is situated on a nice residential tree-lined street, provides convenient access to public transportation, including the A train at Euclid Avenue and the 2, 3, and 4 trains at New Lots Avenue. With both apartments yielding a 7% CAP rate, this property represents a solid turnkey investment. One of the apartments can be delivered vacant, offering the owner the flexibility to occupy it while receiving market rent from the other unit, covering approximately 80 percent of your monthly mortgage payments. Read Less
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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