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$ 999,000
Est. payment | /mo
5 Beds
3 Baths
1,523 SqFt
$ 999,000
Est. payment | /mo
5 Beds
3 Baths
1,523 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,523 sqft
Price per Sqft $655
MLS Listing ID 483648
Bedrooms 5
Full Baths 3
Annual Tax Amount $4,746
Property Description
Seize this PRIME investment opportunity with a well-maintained legal
3-family house, with three detached garages on a 40X100 lot in zone R3-1, in the
desirable Arrochar neighborhood of Staten Island. Tenants are operating
below-market rents with room to improve and increase the current CAP.
Perfect for a 1031 exchange or enhancing your investment portfolio, this
property is strategically located near schools, shopping centers, and
transportation, just minutes from the Verrazano Bridge. Tenants will
appreciate the convenience, ensuring high demand. This fully rented
property boasts reliable long-term tenants, comprising one one-bedroom and
two two-bedroom units, each with full bathrooms. Modern amenities include
three separate heating systems, three NEW water heaters, three gas, and
four electric meters, enhancing tenant satisfaction and operational
efficiency. With a solid rental income of almost $7,000/month and very low
monthly expenses. Real Estate Tax below $5,000. This investment promises
attractive returns and substantial upside potential, as current leases are
significantly below market value. Act now to capitalize on this
exceptional offering! P&L is available upon request. Please note that the
Certificate of Occupancy, dated 2008, reflects a legal three-family
dwelling with three detached garages. The building has no violations and is properly
registered. Showings are by private appointments only. Please do not
disturb tenants.
3-family house, with three detached garages on a 40X100 lot in zone R3-1, in the
desirable Arrochar neighborhood of Staten Island. Tenants are operating
below-market rents with room to improve and increase the current CAP.
Perfect for a 1031 exchange or enhancing your investment portfolio, this
property is strategically located near schools, shopping centers, and
transportation, just minutes from the Verrazano Bridge. Tenants will
appreciate the convenience, ensuring high demand. This fully rented
property boasts reliable long-term tenants, comprising one one-bedroom and
two two-bedroom units, each with full bathrooms. Modern amenities include
three separate heating systems, three NEW water heaters, three gas, and
four electric meters, enhancing tenant satisfaction and operational
efficiency. With a solid rental income of almost $7,000/month and very low
monthly expenses. Real Estate Tax below $5,000. This investment promises
attractive returns and substantial upside potential, as current leases are
significantly below market value. Act now to capitalize on this
exceptional offering! P&L is available upon request. Please note that the
Certificate of Occupancy, dated 2008, reflects a legal three-family
dwelling with three detached garages. The building has no violations and is properly
registered. Showings are by private appointments only. Please do not
disturb tenants.
Location
State NY
County Staten Island
Area Arrochar
Zoning R3-1
Rooms
Basement Finished, Full, Separate Entrance
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile, Other
Heat Source Gas
Exterior
Exterior Feature Stucco, Other
Amenities Available NONE
Roof Type Other
Handicap Access Unknown
Building
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Amerihomes Realty of NY, Inc