You choose; a 25-wide Mansion, Condos, or Cash Flow Positive Rental Building!A solidly structured 25-foot wide 60-foot deep 5 story townhouse in Central Harlem that just needs cosmetic polishing , and updating of the kitchens and baths. Located on a beautiful Harlem block, this property is being offered with clear title and free of tenants. Condo plans by the current owner are underway, and can be transferred to the buyer. This property is ideal for investors who are looking for a coversion project that is ready to go and with substantial upside. Or, those looking for a prime rental property in an up-and-coming part of Harlem. Currently, this building is a legal a 4 family, configured as follows: - Apt 1: 3000 sq ft 3 bedroom 2 bath garden duplex; - Apts. 2-4: 3 bedroom 1.5 bath 1500 sq ft floorthroughsThe building is sprinklered, with a recent gas furnace and hot water heater, and new electric distributed to each apartment. All systems are in excellent, working condition. Just update the baths and kitchens, add some custom finishes, and these apartments are ready to go. For Condos: Take advantage of the additional air rights, and build up or back, to offer 3 floorthough 3 bedrooms apartments, plus a huge 3000 sq ft garden duplex.Delivered Vacant!* Great Neighborhood and hot tree-lined brownstone street with significant upside potential * A vacant 25 footer on 100' lot, ready to go - just needs spit & polish* Near: 4/5/6 & 2/3 subways, Metro North, 125th St., restaurants, shopping, nightlife* For Rentals: Turn key. 3.6% Cap rate. Condo Conversion: Earn over 150% cash-on-cash returnPlease note: Harlem Lofts is contractually obligated to pre-qualify all potential buyers, control traffic and limit access to the property at the Owners request.We invite all qualified buyers to email for appointment times. For fastest response and compliance No Text Messages - email .
Architecture Style: Other
Roof Type: Unknown
Rooms: Bedroom, Full Bath, Patio