https://bit.ly/2JXmD6y This is an investors dream. A true 5% cap rate with rents under valued for a an expanding market. The property is conveniently located 35 minutes from the World Trade Center, 45 minutes to Herald Square, 25 minutes to Exchange Place. Apt 1 has a tenant that been there for approximately 10 years. New 1 year lease of $1,675 with a $50 water assessment for use of washer in laundry facilities. Apt 2 has a recent 2 year lease of $2,000. The house includes 2 parking spaces. 1 in the garage the other in the recently repaired car port, with space for a compact car in front of the driveway. Apt 1 includes 2 bedrooms with a ground level basement that can also be used as a 3 bedroom or extra living room. There are 2 full baths with updated boiler and hot water heater. There is also a deck for access to the backyard. Apt 2 includes 4 bedrooms. 2 on the first level, 2 on the 2nd level. There are 2 full living rooms on each floor. The first floor living room leads to a another lounge room or den. A mudroom that leads to the glassed in porch is perfect to be used as an extra closet or storage. There are washers and dryers for both apartments in the garage located in a separate port that does not impede full car parking. This is for serious investors. Proof of assets or loan approval may be requested. Pictures are a good representation of what the apartments look like so access is going to be based on interest. Both families living in the apartment are respectful and care about where they live. Both recently making improvements at their own expense including painting and decorating.
RCA MANAGEMENT PROPERTIES, LLC (201) 339-7722
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Listing information last updated on August 20th, 2019 at 3:18pm CDT.