Prime Multi-Family Investment Opportunity – Legal 3-Family with Exceptional Parking Rare opportunity to acquire a fully renovated legal three-family property with strong income potential and long-term value. The property sits on a 26.33 ft × 100 ft lot with a building size of approximately 18.33 ft × 40 ft, and… Read More each floor features a two-bedroom apartment layout with a living room, full bathroom, and kitchen, making the units highly rentable and appealing to tenants. The entire building underwent a complete gut renovation in 2018, with permits filed and signed off. Major improvements include new boilers, upgraded heating systems, and a new roof, along with professionally repointed brick exterior, significantly reducing future capital expenditures. Each unit is equipped with its own boiler, gas meter, and electric meter, minimizing landlord utility responsibilities and improving operational efficiency. A separate utility room is also in place for maintenance and system access. A standout feature of the property is the extensive parking capacity, including a legal two-car garage, private driveway, and an oversized concrete backyard capable of accommodating up to eight additional vehicles—an extremely rare amenity that can enhance rental value. All units are currently occupied on a month-to-month basis, allowing immediate rental income while providing flexibility for rent adjustments or potential owner occupancy. This semi-detached, low-maintenance, turn-key property presents an excellent opportunity for investors seeking multiple revenue streams and long-term upside potential. Note: The property is still tenant-occupied with on-time payments. Showings are available for serious offers only. Read Less
Listing Courtesy of: Jack Zhu, Howard Hanna NYC
Listing Snapshot
Days Online
11
Last Updated
Property Type
MultiFamily
Beds
5
Full Baths
4
Square Ft.
2,633
Lot Size
0.06 Acres
Year Built
1950
MLS Number
RLS20079123
30 Days Snapshot Of 11234
$857k
+1%
(avg) sold price
3
+200%
homes sold
Snapshot
Area Map
Additional Details
Building
Living Area Units: SquareFeet, Rooms Total: 10, Structure Type: MultiFamily
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:
Confirm your time
Fill in your details and we will contact you to confirm a time.