![[Bay Ridge Real Estate, listing number 3326607]](https://www.vlshomes.com/images/full/3326607a.jpg)
| Description: 3326607 | |
| Prime 5-Family Investment Property For Sale! Exceptional investment opportunity in the heart of Bay Ridge. This fully renovated 3-story, 5-family building with a finished basement, sits on a large 26.67x100 lot with a large building size of 26.67x60. All apartments are spacious, and beautifully updated â??no renovation needed, completely turn-key and ready for investors. 2-3 UNITS CAN BE DELIVERED VACANT. Separate boilers and hot water heaters; Tenants pay for their own gas, heating, and electricity. The property offers strong existing income with a current cap rate of 6.8% and excellent upside potential to reach 8.1%. Conveniently located just a few minutesâ?? to Fort Hamilton Parkway, close to all daily necessities including supermarkets, restaurants, and shops. The B70 and B4 buses are located nearby for easy and convenient transportation. A rare chance to own a high-performing, low-maintenance building in one of Brooklynâ??s most desirable neighborhoods, ideal for investors seeking stability and long-term returns. | |
Details: |
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| Families: | 5 | |
| Bedrooms: | 9 | |
| Bathrooms: | 6 | |
| Property Type: | Multi-Family | |
Financials: |
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| Price: | $1,898,000 | |
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