7.5% CAP RATE !! **5 family alert** Rare opportunity to own a 5 unit building. All units are free market. Each apartment has two bedrooms, a living room, a dining area, kitchen and a bright bathroom. Gas and electric are separately metered. First floor apartment is the biggest, with 4 bedrooms and access to the backyard. Entire property has been well maintained through the years. This property has extremely low taxes of a little over $5,000 a year! Located just Two blocks from B25 and B7 buses and the A,C train at Ralph Ave station. J,Z trains available at the Chauncey Station. Two of the apartments are occupied and Three will be delivered vacant. This property has huge potential with a gross of $162,000 and an NOI of $143,000 Annually. It is also possible to put laundry in the building basement for extra income.
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.
