Prime Midwood in highly desirable location - Semi-detached VACANT four-family on 25x112 lot with estimated annual rental income of $108,000 or more. Recently renovated from top-to-bottom all 3,400sf (not including 1,700sf finished basement) are in move-in-ready condition making this sale a turnkey investment opportunity. This red brick building features a shared driveway, security camera system, two three-bedroom/one-bath units on the top floor, two two-bedroom/one-bath units on the first floor, and a finished basement with clean mechanical/electrical rooms, and ample storage or recreational space. There is parking for at least one vehicle with the option for two with a huge cinder block shed that could be converted into a garage or kept as extra large storage. Located less than five minutes away from the F train Avenue P subway stop and just East of Ocean Parkway, there are plenty of transportation options to choose from. Take advantage of four-family rights of ownership that allow for lower interest rates and more flexibility when compared to smaller/larger family buildings in NYC. Estimated NOI of $94,216 or higher and, 4.9% capitalization rate or more. Building has clear title and is 100% VACANT.

Building type: Semi-Detached

Building amenities:

Recreational Room
Storage rooms

Residential Features:

Alarm
Porch
Terrace

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1634 E 2nd St, Brooklyn, NY 11230

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