Landmark International Real Estate
Listed by Landmark International Real Estate
$1,900,000
1586 E 22 st
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Year Built 1926
Multifamily | 6 Units
Marketing description
Great investment in the heart of Midwood . HIGH cap 6 family free market brick building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 without doing anything.
Listing Contacts
Landmark International Real Estate
Listed by Landmark International Real Estate
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