3814 Barnes Avenue
Property Description
Legal three-family with tenants paying all utilities except water, insurance & common electric. The top two units are three-bedroom, two-bath units. The ground-floor level unit is a two bedroom two bath. Property includes a gated driveway for convenient parking. Current tenants are cash-paying on time month-to-month tenants. Current rent roll is $7,000 monthly. Upside potential up to $116,016 calculated using present Sec 8 amounts paid with no utilities paid by the landlord; 3BR = $3,454; 2BR = $2,760. Kitchens and bathrooms are in good condition. The top two floors have pleasant forward-facing balconies as well. Three separate gas boilers and meters. 4 electric meters, one for each tenant and one for the common area. Total city-recorded building sq. footage is 3,444. Less hallways and stairs total apartment sq. footage is approximately 3,050 broken down as follows; 3BR's = 1.050sq. ft. and 2BR = 950sq. ft.. These are large sq. footage units with big bedrooms that accommodate king-size beds and additional furniture. R5 zoning. Landlord expenses include Insurance $3,000, common electric $600 annually, Water $600 per Q or $2,400 annually = $6,000. No basement - Utility room is rooftop.
Broker Details
Keller Williams Realty NYC Group (845) 304-5745
MLS ID: 20855 State License Number: 10301201886
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,200,000 |
| No. of Units: | 3 |
| Year Built: | 2008 |
| Opportunity Zone: | No |
| Price per unit: | $400,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-MLSLINY-1023477
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