304 Pennsylvania Ave. #304

Multi-Family 6.1% CAP rate
Calling all investors and first time home buyers!!!
HOT new neighborhood near Manhattan and all transportation.Fantastic opportunity for an investor as an income property or a growing family with interest in additional income every month.Newly renovated legal 3 family for sale.Consisting of owner’s duplex 2 full floors with skylight windows and architectural details, 2nd floor with 3 bedrooms + 1 bath, and entry floor consisting of 2 bedrooms and one bathroom. Great back garden and a full height finished cellar for use as workshop or wine storage.
Each unit provides rental income to assist with monthly Mortgage Payments.
All apts have separate electric meters, gas meters, furnaces and hot water heaters.
Tenants pay their own gas & electric
Lot Area:1940 sf
Gross Floor Area:3,620 sf (estimated)
Lot Frontage:19.4’Lot Depth:100
Year Built:2007
Community Board: 5, School District: 19
Police Precinct: 75. Fire Company: E290.
The expenses are as follows:
taxes -$5248/year
insur – $2995/year
water -$3000/year
Breakdown:
1st floor tenant (m2m) – $1275 – 2 bdr – tenant pays common area electric. – rent can be increased.
2nd floor tenant (1yr lease) – $1515 – 3bdr
3rd floor tenant (section 8) – $1735 – 3 bdr 2 bath duplex / can be delivered vacant / – rent can be increased

KW134668