This fully occupied 6-unit consists of two 2-bedroom apartments and two 1-bedroom apartments on the second floor, each with 1 bathroom. On the ground floor are 2 retail spaces, each with a half-bathroom. The roof is made of rubber and was renovated 3 years ago, and the forced air heating system and mechanicals are in good condition. The building has normal wear and tear, but no code nor structural issues and no immediate repair needs. Tenants have lived here for years which has led to consistent returns and highlights the strength of the investment - perfect for a solo 401(k) or self-directed IRA. If you're satisfied with a turnkey cap rate of 16.3% and annual cash flows of $26,000, then what are you waiting for? Act now and make this value-added opportunity a part of your portfolio for only 160K. Call (212) 991-8720 for more details.
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.
