Solid return on investment: At 25% downpayment and market rents, this property gives you a return of 8.1% or 6% cap rate. Great setup in this 3 family. 1st floor unit is a large 2 bed/2bath. 2nd floor is 3 bed/2 bath and 3rd floor is a 3 bed/2 bath. Where can you find a multi-family where each unit offers a master bath. This young building has hardwood floors throughout and each unit has separate heating units so landlord does not pay for tenant's utilities. Basement is full height and is currently being used as tenant storage and coin operated washer/dryer. Close to public transportation. Taxes are abated until 2017. Taxes w/o abatement is $8110.
This huge 2-Family Colonial style in Riverdale situated on a corner lot. Features high ceilings, detailed woodwork, on a quiet street close to all. Large 4 Bedroom over 4 bedroom home with a HUGE fully finished basement. Each Unit has a parlor, living room, formal dining room, and a large eat in kitchen. House has central air, a full attic, a seperate laundry/storage room, a large backyard space, and an additional enclosed staircase running from attic to basement for easy access. Potential gross income of over $72,000! A truly rare home, this is a real gem