Coldwell Banker Realty
Listed by Coldwell Banker Realty
$550,000
Lexington Avenue
Details
APN 651-0057-0030-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,562
Year Built 1912
Acreage 0.172
Multifamily
Marketing description
Turnkey Cash-Flowing Duplex bringing in over $4,625 per month! Incredible opportunity to own a fully renovated, income-producing property generating $55,500 annually in gross rental income. Both units are fully leased through May 2027, providing immediate cash flow and long-term stability, while tenants pay all utilities, maximizing investor returns. Completely transformed in 2020/2021, this property was gutted down to the studs and extensively renovated, offering peace of mind and minimizing future maintenance concerns. The spacious Unit 1 features 3 bedrooms and 1 full bathroom, while Unit 2 spans the second and third floors and offers 4 bedrooms and 2 full bathrooms, creating strong rental demand and excellent income potential. Four parking spots in the backyard! Whether you're expanding your portfolio or looking for a turnkey investment with stable tenants already in place, this property checks all the boxes!
Listing Contacts
Coldwell Banker Realty
Listed by Coldwell Banker Realty
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