New to the Market: Spectacular 3-Family Brick Townhouse - Turnkey and Fully Renovated
Welcome to your next investment or dream home, a stunning 3-family brick townhouse located in a prime opportunity zone. Whether you’re looking to live in luxury while generating rental income or aiming to maximize your investment returns, this property offers endless possibilities.
Property Highlights:
- **Versatile Options**: Choose to reside in the expansive owner’s duplex with a private backyard while renting out the other two units, or lease the entire property to enjoy a projected 6.7% cap rate as the property appreciates.
- **Building & Lot Size**:
- Building: 20×45 (3,600 sqft)
- Lot: 20×100
- **Living Space**:
- Bedrooms: 6
- Bathrooms: 6.5
- **Modern Amenities**:
- Central HVAC with Nest WiFi thermostats
- Fully equipped kitchens featuring matte black granite counters, large islands, green tile backsplash, and full-sized GE appliances
- Whirlpool full-sized washer/dryer (vented out) in each unit
- Video intercom system
- Premium plumbing fixtures by Kohler & Delta
- Bluetooth-enabled bathroom speakers
- High ceilings across all floors
- 8ft hardwood interior doors and moldings
- Generous closet space in each unit
- Hardwood natural oak floors
- LED lighting throughout
- HD security cameras
- Pre-wired for TV and internet in each room
- Oversized private outdoor spaces for each unit
- Soundproofing between floors
- New roof, windows, insulation, plumbing, and electrical systems
#### Projected Rental Income:
- **Unit 1**: 2Bed, 2.5Bath duplex with private backyard – $5,500/month
- **Unit 2**: 2Bed, 2Bath with private terrace – $4,500/month
- **Unit 3**: 2Bed, 2Bath with private roof – $5,000/month
**Total Potential Income**: $15,000/month or $180,000/year
#### Yearly Expenses (Approximate):
- Taxes: $3,014
- Insurance: $3,600
- Water & Sewer: $1,950
- Garbage Maintenance & Cleaning: $1,800
- Electrical: $480
- Repairs: $1,500
**Total Expenses**: $12,344/year
Location Perks:
Conveniently situated near M, L subway lines at Myrtle-Wyckoff and J, Z lines at Gates Avenue. Enjoy a vibrant neighborhood with an abundance of dining, entertainment, and café options including Bushwick Burger Co., Father Knows Best, Caffeine Underground, Eden Juice & Smoothie Bar, and more. Just a short Uber or bike ride away from Ridgewood and Bedford-Stuyvesant.
This is a rare opportunity to own a meticulously renovated, income-generating property in a thriving area. Don’t miss out on this gem – schedule your viewing today!
Amenities
- On Site Washer Dryer
- High Ceilings
- In-Unit Washer/Dryer
- Central A/C
- Private Backyard