180 Sumpter St
Property Description
8% CAP RATE !! **5 family alert** Rare opportunity to own a 5 unit building. All units are free market. Each apartment has two bedrooms, a living room, a dining area, kitchen and a bright bathroom. Gas and electric are separately metered. First floor apartment is the biggest, with 4 bedrooms and access to the backyard and garden. The Entire property has been well maintained through the years. This property has extremely low taxes of a less than $7,000 a year! Located just Two blocks from B25 and B7 buses and the A,C train at Ralph Ave station. J,Z trains available at the Chauncey Station. Two of the apartments are occupied and Three will be delivered vacant. This property has huge potential with a gross of $197,760 and an NOI of $170,354.68 Annually. It is also possible to put laundry in the building basement for extra income.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,995,000 |
| Year Built: | 1910 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 6 |
ID: 3yd-NYSMLS-11883651
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