269 Ainslie Street
Multifamily | 3 Units | $1,400,000/unit
Marketing description
A 25’ wide three-unit three story building. The property has a two bedroom apartment on the ground floor. The unit has a full bathroom along with a living/dining area and a full kitchen. This apartment has access to the back yard.
The second and third floor each is a three-bedroom floor-through apartment. The basement has a studio apartment, which has a full kitchen and bathroom. There is a carriage house to the back, which has is a three bedroom apartment that has two full bathrooms.
The apartments have a full bathroom and a half bathroom. There is a full kitchen a living/dining area. All the apartments have nice wood floors, the bedrooms are spacious with a good size closet. The kitchens have stainless steel appliances, along with a washer & dryer, microwave and dishwasher.
There is common hallway storage closets. The apartments are individually metered for gas and electric. The property is located one block from Graham Avenue which has nice restaurants and brand name retail stores. The L train is also on Graham Avenue & Metropolitan Avenue.
The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper two floors.
Investment highlights
The property is a prime investment opportunity, because the units are renovated and free market this will allow an investor to always rent them out at full market value.
Income:
Unit Description Unit Type Rev Projected Lxp
First Floor: 1 2 Bd Apt Free Market $3,900 $4,500 6/25
Second Floor: 2 3 Bd Apt Free Market $4,900 $5,200 10/24
Third Floor: 3 3 Bd Apt Free Market $4,800 $5,000 10/24
Basement: Studio Apt Free Market $2,100 $2,500 11/25
Carriage House: 3 Bd Apt Free Market $4,700 $5,200 12/24
Projected Monthly Income: $20,400 $22,400
Projected Annual Income: $244,800 $268,800
Expenses:
Real Estate Taxes:
$5,562.56
Water & Sewer:
$3,000.00
Insurance:
$5,000.00
Heat (Gas):
$6,000.00
Electric: (common areas)
$1,200.00
Repairs & Maintenance:
Total Annual Expenses
$1,800.00
$22,562.56
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