Being sold together 770 & 768 E 161st St. This unique investment opportunity awaits its next savvy owner. Six (6) units spread across two adjacent properties, allows for easy management, and maximizes the return on investment. ALL UNITS ARE FREE MARKET- NON-STABALIZED. Properties are in great shape, roofs and mechanicals are under 4 years old. Major upside by increasing rents! Combined Expenses: PLP- $2,160 Water- $3,000 Insurance- $4,210 Taxes- $13,481 Super- $1,200 Total Expense: $24,051 Income monthly (768 East 161st St) Apt 1 (2 bed/ 1 bath)- $2,200 (voucher) Apt 2 (3 bed/ 2 bath)- $2,150 Apt 3 (3 bed/ 2 bath)- $2,100 (voucher) Income monthly (770 East 161st St) Basement (2 bed/ 1 bath)- $1,150 Apt 1 (2 bed/ 1 bath)- $2,200 Apt 2 (3 bed/ 2 bath)- $2,200 Apt 3 (3 bed/ 2 bath)- $2,400 Gross Annual Income- $172,800 Net Operating Income- $148,749 Purchase Price- $2,300,000 Cap Rate- 6.5%
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.
