Welcome to 1602 Prospect Place in Crown Heights, an Investors Dream. Solid-brick, semi-detached, legal four family with private parking spots. Two level building with four income producing units, situated on a 25x128 feet lot. Approximately 3,300square feet with an additional semi-finished basement. Allowed usable floor area: 7,761. Unused FAR: 4,471 Fantastic investment opportunity. This four family townhouse has three 2-bedroom units and one 1-bedroom. The building has many charming details throughout. The four units feature restored hardwood floors, spacious bedrooms, plenty of closet space, interiors with open-concept living areas. The building has been meticulously maintained, newly renovated and newly updated. For a list of the most recent renovations (see below). All tenants have expired leases and tenants are now on month to month term which presents a great investment opportunity for a buyer or investor to obtain market rent. Close access to the A, C, 4, 3 subway lines. Easy access to the LIRR Unique rent producing opportunity. Investment potential. This property will not last. List of Most Recent Work: Basement (2017 - 2020) Electric - entire basement rewired- new outlets / lights / switches/ fuse panel Sealed walls Repaired concrete floor and footings New Crown steam boiler installed in Jan 2020 New sliding basement windows all around Roofing (2016, 2020) New asphalt roofing Oct 2016 Silicone roof coating Aug 2020 Exterior (2018, 2019) Thorough restoration of exterior walls - new brick to replace bad sections, repointing top half, and sections around windows, new window sills Natural stone base section of wall restored and repointed All woodwork around windows done - repaired, painted. Led flood lights installed 2019 Hallway (2016, 2017) Repaired and refinished walls and ceilings New light fixtures Installed new front doors for 2nd floor apartments New locks all apartments Apartments (2016, 2017) New kitchen cabinets in each apartment New appliances - fridges, stoves New bathroom floors and cabinets in 1F and 2F Repaired / refinished walls and ceilings Restored hardwood floors all apartments New interior doors/ locks/ hinges all apartments Please anticipate a COVID disclosure for physical showings.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
