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$ 1,489,000
Est. payment /mo
New
5022 Avenue D Brooklyn, NY 11203
2,800 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $531
MLS Listing ID 494393
Year Built 1931
Annual Tax Amount $21,332
Property Sub-Type Mixed Use
Property Description
Unique Investment Opportunity in East Flatbush, Brooklyn**
Welcome to an exceptional income-generating property nestled in the heart of East Flatbush, Brooklyn. This all-brick corner property offers a diverse mix of residential and commercial spaces, making it a prime investment for discerning buyers.
**Residential Units: **
- **Two-Family Configuration: **
- **Unit 1: ** Spacious 3-bedroom unit, meticulously renovated with modern finishes.
- **Unit 2: ** Cozy 1-bedroom unit, also fully updated to meet contemporary standards.
- Both units are currently tenant-occupied, ensuring immediate rental income.
- Each tenant is responsible for their own heat, hot water, and electricity, offering hassle-free property management.
- Brand new plumbing and electric systems installed in both units, providing peace of mind and efficiency.
**Additional Property Features: **
- Includes a garage, adding significant value for potential commercial uses or tenant convenience.
- The property boasts new high-efficiency boilers, ensuring reliable and cost-effective heating.
- Situated on a prominent corner lot, offering high visibility and accessibility for commercial tenants.
**Investment Highlights: **
- The purchase includes an option to acquire the property through the existing LLC, which holds a long-term mortgage with a favorable low interest rate. This structure could offer significant financial advantages and facilitate a smoother transaction process.
Don't miss out on the chance to own this versatile and lucrative real estate investment in a vibrant Brooklyn neighborhood. Whether you're looking to expand your portfolio or start a new business venture, this is a perfect opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable property!
Welcome to an exceptional income-generating property nestled in the heart of East Flatbush, Brooklyn. This all-brick corner property offers a diverse mix of residential and commercial spaces, making it a prime investment for discerning buyers.
**Residential Units: **
- **Two-Family Configuration: **
- **Unit 1: ** Spacious 3-bedroom unit, meticulously renovated with modern finishes.
- **Unit 2: ** Cozy 1-bedroom unit, also fully updated to meet contemporary standards.
- Both units are currently tenant-occupied, ensuring immediate rental income.
- Each tenant is responsible for their own heat, hot water, and electricity, offering hassle-free property management.
- Brand new plumbing and electric systems installed in both units, providing peace of mind and efficiency.
**Additional Property Features: **
- Includes a garage, adding significant value for potential commercial uses or tenant convenience.
- The property boasts new high-efficiency boilers, ensuring reliable and cost-effective heating.
- Situated on a prominent corner lot, offering high visibility and accessibility for commercial tenants.
**Investment Highlights: **
- The purchase includes an option to acquire the property through the existing LLC, which holds a long-term mortgage with a favorable low interest rate. This structure could offer significant financial advantages and facilitate a smoother transaction process.
Don't miss out on the chance to own this versatile and lucrative real estate investment in a vibrant Brooklyn neighborhood. Whether you're looking to expand your portfolio or start a new business venture, this is a perfect opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable property!
Location
State NY
County Kings (brooklyn)
Area East Flatbush
Zoning R4
Rooms
Basement Semi-Finished
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Real Estate Professiona