Description

CALLING ALL INVESTORS - Outstanding Investment Opportunity

This classic red brick multi-family home offers exceptional value and immediate upside, located just one block from the C train at Shepherd Avenue and within a half-mile of the J, A, and 3 subway lines—providing fast, easy access to Manhattan and the rest of the city.

Currently configured as two spacious rental units, both fully occupied with excellent tenants. The property spans 2,900 square feet and includes seven total bedrooms and two full bathrooms, all within a beautifully maintained Colonial-style brick building. The home features hardwood floors throughout, natural gas steam heating, and excellent light and space.

The first-floor apartment spans over ~1,000 square feet and features a charming railroad-style layout with three bedrooms. The large, separate kitchen is equipped with granite countertops, ivory wood cabinetry, a stainless steel refrigerator, and a stove with oven/range. The marble-tiled bathroom and oversized windows flood the unit with natural light, adding to its warmth and appeal.

The second-floor apartment is a very spacious ~1000 square foot four-bedroom, one-bathroom home with excellent storage throughout, including a walk-in closet off the primary bedroom. This unit features hardwood flooring, central heating, and a modern open-concept kitchen and living room layout. The kitchen is fitted with stainless steel appliances and generous counter and cabinet space, ideal for comfortable everyday living.

Set on a 20' x 100' lot, this fully attached home is perfect for investors seeking reliable income with growth potential, or homeowners looking to live in one unit while earning rental income from the others.

In mint condition, this is a turn-key property with long-term value, with DOB-approved plans in place to convert the finished basement (another ~1000 sq ft) into a legal third unit, this property is primed for expansion. All city approvals have been secured, allowing construction to begin right away.

Investors only. Units are both currently occupied with tenants on long-term leases. Listing courtesy of Compass ...
More