20 aka 22 Crescent Place
Property Description
Turnkey, cash-flowing investment opportunity featuring a fully legal three-family residential building. Spanning 1,923 total square feet, this property offers three well-maintained, highly functional residential units along with a full basement for tenant storage or utility expansion. Key Features & Layout Unit Configuration: Three independent residential units, each configured as a 2-Bedroom, 1-Bathroom layout. Property Size: 1,923 gross square feet across the three levels. Basement: Full footprint basement, providing options for additional tenant storage, laundry installation, or landlord facilities. Zoning & Use: Fully legal three-family triplex. Financial & Occupancy Highlights Occupancy: 100% occupied with steady, reliable tenants in place. Rental Income: In-place rents range from $2,000 to $2,700 per month per unit, generating strong immediate cash flow. Lease Terms: All three units are secured under existing leases with at least 8 months remaining, ensuring guaranteed income continuity for the incoming buyer with no immediate vacancy risks. This property represents an exceptional hands-off asset for an investor seeking immediate ROI, stabilized long-term tenants, and upside potential in a strong rental market.
Broker Details
CENTURY 21 DAWNS GOLD 914-793-8800
MLS ID: 88841 State License Number: 31MA0877041
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,199,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NYSMLS-11922546
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
6638 LANSDOWNE Avenue
PHILADELPHIA, Pennsylvania
190 E PLUMSTEAD Avenue
LANSDOWNE, Pennsylvania
59 MARKET Street
SALEM, New JerseyBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout