Free Market 5 Units (3 Family + Legal 2 Family Back House) in Williamsburg! Situated right in the heart of Williamsburg, this 5-family property is an investor's dream! Possibly delivered vacant/ perfect for a condo conversion! Create your own townhouse and/or collect income. Half a block from the Graham Ave Shopping District. Located 1 block from L & G train stations. Starbucks is just 3 blocks away. 10 min walk to gorgeous McCarren Park and 5 min walk to Cooper Park. This property features: - Front and Rear buildings separated by a courtyard - 9 Bedrooms + 5 Baths - Massive backyard w/ garden - a feature highly coveted in Williamsburg - Unfinished 2 full basements with separate entrances - Very realistic projected CAP Rate is 5.6% with slight renovations. Front Building: - Apt on each floor - Eat in kitchens on each floor - 3rd floor apt is renovated w/ SS appliances, Dishwasher - Hardwood floors - Access to backyard Rear Building: - 1st fl: 1BR /1BTH - 2nd fl: 2BR/1BTH - Hardwood floors - Kitchen/living room combo - Separate entrance - Access to backyard Yearly Expenses: Taxes: $4,778 Insurance: $7,000 Water/Sewer: $2,500 Gas/Heat: $4,000 Lot Size: 25 x 100 ft Building: 22 x 40 ft Zoning: R6B FAR: 0.70; MAX FAR: 2 This is a GREAT OPPORTUNITY! Call TODAY for more details!
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