A 20' wide 3 unit three story building. The property has a three- bedroom floor-through apartment on the ground floor, which has access to the back yard. The second floor is a two-bedroom unit. The third floor is a four-bedroom apartment. All the units have hard wood floors, all the kitchens are modern with stainless steel appliances cheery wood counter tops. The bedrooms are good sizes they face the front and back of the building and get good sunlight. The property has a front and back yard along with a basement. The building is three blocks from the A train station and eight minutes away from the Gateway Mall.

The building is individually metered, each floor pays for its own light and cooking gas, and each unit has its own gas boiler and hot water heater. The property is a prime investment opportunity because it allows an investor to rent out the units at free market value and have the tenants pay most of the cost of running the building. There is not much work for the investor to do and since the property was renovated a few years ago. The upside potential is tremendous. Note: The first floor two rooms are occupied, the second floor one room is occupied and the third floor, the four bedroom apartment is vacant. The three tenants pay $800 per month and the rent is paid by the city. They share the kitchen and bathroom in the apartments.

The building also makes a great user opportunity, a user and family can occupy the ground floor and rent out the upper two floors for income. The property is being sold in as is condition.

Property Details of 898 Belmont Avenue, Unit NA

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Listed by Kervin Vales of Brown Harris Stevens Residential Sales LLC

Based on information submitted to REBNY as of September 28, 2022 6:55 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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