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Listing Courtesy of Corcoran Group
$1,825,000
Est. payment /mo
5 Beds
4 Baths
2,160 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $844
Subdivision Brighton Beach
MLS Listing ID RLS20125436
Bedrooms 5
Full Baths 4
HOA Y/N Yes
Year Built 1932
Annual Tax Amount $12,768
Property Sub-Type Multi Family
Property Description
**SHOWINGS BY APPOINTMENT ONLY**
Exceptional legal four-family investment opportunity in the heart of Brighton Beach! This fully renovated property offers an ideal combination of strong income potential, flexibility, and turnkey convenience. A fantastic opportunity for investors seeking a low-maintenance, income-producing asset, especially those looking to complete a 1031 exchange.
The property consists of four well-maintained residential units: one spacious two-bedroom apartment, two one-bedroom apartments, and one studio apartment. The entire building has been extensively renovated and brought up to code, allowing the next owner to step in without the need for additional capital improvements..
All major systems and renovations have been completed (windows, bathrooms, kitchen, electrical) making this a true turnkey investment. The current tenants are on month-to-month leases with rents below current market value, providing an excellent opportunity for future income growth. Whether you're looking to maximize rental income over time or occupy one or more units, this property offers exceptional flexibility.
The building can be delivered with the existing tenants in place for immediate cash flow or vacant, depending on the buyer's preference.
Located in one of Brooklyn's most desirable neighborhoods, you'll enjoy close proximity to Brighton Beach, the boardwalk, public transportation, shopping, restaurants, schools, and all the conveniences the area has to offer. Whether you're an investor seeking long-term appreciation or an owner-occupant looking for additional rental income, this is a rare opportunity in a highly sought-after location.
**All showings are by appointment only. All prospective buyers must provide a mortgage pre-approval letter or proof of funds prior to scheduling a viewing.**
**Tenants are currently on month-to-month leases, offering flexibility and the potential for the property to be delivered vacant.**
Exceptional legal four-family investment opportunity in the heart of Brighton Beach! This fully renovated property offers an ideal combination of strong income potential, flexibility, and turnkey convenience. A fantastic opportunity for investors seeking a low-maintenance, income-producing asset, especially those looking to complete a 1031 exchange.
The property consists of four well-maintained residential units: one spacious two-bedroom apartment, two one-bedroom apartments, and one studio apartment. The entire building has been extensively renovated and brought up to code, allowing the next owner to step in without the need for additional capital improvements..
All major systems and renovations have been completed (windows, bathrooms, kitchen, electrical) making this a true turnkey investment. The current tenants are on month-to-month leases with rents below current market value, providing an excellent opportunity for future income growth. Whether you're looking to maximize rental income over time or occupy one or more units, this property offers exceptional flexibility.
The building can be delivered with the existing tenants in place for immediate cash flow or vacant, depending on the buyer's preference.
Located in one of Brooklyn's most desirable neighborhoods, you'll enjoy close proximity to Brighton Beach, the boardwalk, public transportation, shopping, restaurants, schools, and all the conveniences the area has to offer. Whether you're an investor seeking long-term appreciation or an owner-occupant looking for additional rental income, this is a rare opportunity in a highly sought-after location.
**All showings are by appointment only. All prospective buyers must provide a mortgage pre-approval letter or proof of funds prior to scheduling a viewing.**
**Tenants are currently on month-to-month leases, offering flexibility and the potential for the property to be delivered vacant.**
Location
State NY
County Kings
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
View Y/N No
Porch Patio
Private Pool No
Building
Dwelling Type Multi Family
Story 2
New Construction No
Others
Tax ID 08706-0047
Ownership None
Monthly Total Fees $1, 064
Pets Allowed Building No, No
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