$84,600 Gross Rent Roll. 6.2% Cap Rate! Rare opportunity to own one of the few remaining properties containing a front house with rear bungalow! Perfect for either an investor or for an end user looking for additional rental income. The property is a large 3-Family with 2 units in the front house and an additional house in the rear. The rear bungalow allows for the possibility to live separately, while earning income from the two front units. The property is currently occupied and income producing. The current owners recently completed a full gut-renovation and everything is brand new including roof, doors, windows, HVAC, plumbing, floors, kitchens, bathrooms, etc. These stylish apartments feature high ceilings, modern bathrooms, stainless steel appliances, and a clean and modern aesthetic. The heating is electric, which is paid by the tenants, keeping landlord expenses very low. The property is nestled on a quiet block, with minimum through traffic, as it's on a one way street with access from only one main road. The property is located less than 1 block from the Beach 90th Street subway, 2 blocks from the Beach, and straight up the block from the newly installed kayak park/launch at 88th Street and Jamaica Bay. It is the heart of the newly forming retail areas, a short walk to bakeries, restaurants, bars, shopping and beach concessions. Rockaway Beach (11693) is the hottest up-and-coming area of the Peninsula, with inventory becoming scarcer and scarcer each year. A chance to buy such a unique property may never appear again!
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