Fair Housing Notice 34-36 UNION ST., #201, FLUSHING, NY 11354 718-886-6800
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  • Legal 4 family with legal 3 bedroom basement for additional income! Discover an incredible investment opportunity with this well-maintained five-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location. Property Features: Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants. Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential. Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation. Recent Upgrades: New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs. New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants. Prime Location: Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options. Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for families and tenants. Investment Highlights: Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income. Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand. PROPERTY DETAILS: TAXES $9457 ? Multi-Family Property ? Two-story walk-up ? 5 Units ? Lot Size: 30 ? 100ft ? Brand new boiler and plumbing throughout building CURRENT RENT ROLL: ? Apt 1F: $2, 040 ? Apt 1R: $2, 417 ? Apt 2F: $3, 385 ? Apt 2R: $2, 387 ? Basement: $2, 696 ? Total Income: $12, 985 ? Yearly Gross Income: $155, 820 EXPENSES: ? Approximately $25, 000 CAP RATE: ? $165, 000 (total income) - $25, 000 (expenses) = $140, 000 Potential Net Income
    487 E 93rd Street East Flatbush, NY 11203
    $1,350,000
    16 Bedrooms 5 Full Baths Sq. Ft. 3000.00:# Square Feet
    Multi Family For Sale ML# 3568800
    Legal 4 family with legal 3 bedroom basement for additional income! Discover an incredible investment opportunity with this well-maintained five-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location. Property Features: Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants. Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential. Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation. Recent Upgrades: New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs. New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants. Prime Location: Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options. Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for families and tenants. Investment Highlights: Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income. Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand. PROPERTY DETAILS: TAXES $9457 ? Multi-Family Property ? Two-story walk-up ? 5 Units ? Lot Size: 30 ? 100ft ? Brand new boiler and plumbing throughout building CURRENT RENT ROLL: ? Apt 1F: $2, 040 ? Apt 1R: $2, 417 ? Apt 2F: $3, 385 ? Apt 2R: $2, 387 ? Basement: $2, 696 ? Total Income: $12, 985 ? Yearly Gross Income: $155, 820 EXPENSES: ? Approximately $25, 000 CAP RATE: ? $165, 000 (total income) - $25, 000 (expenses) = $140, 000 Potential Net Income
    Presented By: Exit Realty First Choice  718-380-2500
    Call Today: (718) 886-6800, or  Email: Century Homes Realty Group
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Century Homes Realty Group LLC are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
34-36 Union St #201, Flushing NY 11354, USA
office@mycenturyhomes.com
718-886-6800

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