321 Milford St
Brooklyn legal 4 family Brick with pvt driveway! 8% cap rate 9% Projected
Marketing description
=====2 Units are vacant: 1 2-bedroom & 1 3-bedroom=====
Brooklyn Milford Street Solid BRICK semi attached legal 4 family with 2 three bedroom & 2 Two-bedroom apartment with huge living room & open plan modern kitchen! All new plumbing, gas line & electric in entire building! New gas boiler with 75-gallon hot water tank & new rubberize roof! 3,184 sq ft living space Building size 26 wide & 72 deep! High ceiling & Full basement high ceiling with ceramic tile, lots of windows & 2 entrances! On 36 x 100 lot with private drive R5 zoning. 1,332 unused FAR! Low taxes- All market value tenant with high CAP rate! Near A & C train & all buses, shopping plus more! Nothing to do but close & collect rent! FHA 3.5% welcome!
Asking price $1.55ML; Income $139,800-year; Expense-$15,282 NOI-$124,518.00; CAP-8.03%
321 Milford street income & expenses
Income
Apt #1F---- $2,700 2 Bd
Apt#1r------$2,550 1Bd
Apt#2f------$3,800 3Bd
Apt#2R------$2,600 1Bd
Monthly $11,650 Annual $139,800
Expenses
Tax___________$ 6,200
Water_________$ 3,484
Gas___________$ 5,018
Electric________$ 580
Total: $15,282
Investment highlights
Brooklyn Milford Street Solid BRICK semi attached TOTALLY NEWLY GUT RENOVATED legal 4 family with 2 three bedroom & 2 Two-bedroom apartment with huge living room & open plan modern kitchen! All new plumbing, gas line & electric in entire building! New gas boiler with 75-gallon hot water tank & new rubberize roof, electrical, plumbing, and MORE NO VIOLATION! 3,184 sq ft living space Building size 26 wide & 72 deep! High ceiling & Full basement high ceiling with ceramic tile, lots of windows & 2 entrances! On 36 x 100 lot with secure private drive & yard space that can fit 8-10 cars!! R5 zoning. 1,332 unused FAR! Low taxes- All market value tenant with high CAP rate 8.03! Yearly income $139,800 Expenses $15,2822 Currently 2 newly renovated Vacant unit 3 bedroom & 2 Bedroom! Near A & C train & all buses, shopping plus more! Nothing to do but close & collect rent! FHA Approved!!! Buy with only 3.5% down (Qualify Buyers) Owner VERY motivated!! 1vacant apartment (2ND floor front) hurry before we rent it out! ALL FREE market rent!! No Restriction!! EAT OF THE FLOOR CONDITION! MINT!
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