Courtesy of: Barry Clare, Keystone Realty USA Corp, BC6358@aol.com
Courtesy of: Barry Clare, Keystone Realty USA Corp, BC6358@aol.com
$680,000
|
4 bed
|
|
2.00 Bath (2 Full)
|
|
Lot: 0.06 Acres
|
$680,000
64 Stewart Avenue 5.78 Cap 2 Family Investment property 100% occupied with Section 8 Tenants under the NYS HCR EHV Program. 1st floor tenants have just renewed 1 year lease in May and 2nd floor tenant renewed a 1 year lease in December. Currently the second floor unit is rented for $2700.00 monthly and the first floor unit is rented for $2, 400.00 monthly. The annual gross income is $61, 200.00 after expenses the NOI is $40, 464.47 representing a 5.78 Cap Rate. The 2nd floor tenant pays 100% of their utilities and 1st floor tenant pays their own electric and Landlord pays on average $250.00 monthly for 1st floor tenants gas. 64 Stewart Avenue is a perfect opportunity for an investor to acquire an income-producing asset.
Courtesy of: Barry Clare, Keystone Realty USA Corp, BC6358@aol.com
Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.