2862 W 17th Street
Property Description
5-Family | Approx. 6.5% Cap Rate | Two Buildings on One Lot Rare opportunity to acquire a 5-family investment property in excellent condition, situated on a 20' x 119' lot. The property consists of two separate buildings, both recently renovated with new electrical and plumbing systems throughout. All units feature separate heating systems and boilers, with tenants responsible for their own utilities, ensuring low operating expenses and strong income stability. Property Configuration: - Front Building: - Three stories plus a partial basement (utility room) - Configured as a 4-family - Rear Building: - Two stories plus a finished basement - Configured as a 1-family This well-maintained asset offers immediate cash flow with long-term upside potential, making it ideal for investors seeking a stable, turnkey multifamily property. For additional details, financials, or to schedule a private showing, please contact the listing agent.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,250,000 |
| No. of Units: | 5 |
| Year Built: | 1920 |
| Lot Size: | 4,294.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $450,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 14 |
| Number of Bathrooms: | 10 |
ID: 3yd-BMLSNY-498008
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