573 John St, Unit 5
Property Description
Every real estate portfolio has an origin story. This could be yours. Maybe you've been waiting for the "right" investment-the one where the price makes sense, the income is already flowing and the potential doesn't require a spreadsheet full of wishful thinking. Well, here it is: a three-unit property in the charming bedroom community of Little Falls generating $3,550 in monthly rents, with tenants paying their own utilities except water. In other words: RUN. THE. DIGITS. The two side-by-side, above-grade residences are absolutely massive, each offering three to four bedrooms, generously sized living spaces, kitchens with loads of space and full-functionality, sun-drenched bedrooms and plenty of thoughtful updates. These aren't cramped little apartments; they're substantial homes with the space and flexibility renters are searching for. And the ultra desirable side-by-side layout makes the spaces even that much more, just that desireable. Find a great new tenant for the one vacant unit - it won't be hard! Downstairs, a compact third unit adds another layer of opportunity-continue using it as a long-term rental or explore its potential as a quiet short-term stay, subject to local requirements. Three units. Multiple income streams. One remarkably approachable price. 65k in unseen improvements done to the property seventeen years ago. Tons of visible improvements done to the make the property more attractive just in the last couple years. Updated mechanicals, to boot! And an adorable little community to call your own - full of little shops, quaint stores and cafes and beautiful parks and water all around you. Perhaps this becomes the first property in your portfolio. Perhaps it slides perfectly into the one you're already building. Either way, years from now, when someone asks how you began creating wealth through real estate, wouldn't it be fun to say, "It all started with that three-unit in Little Falls"? The numbers work. The possibilities are plentiful. And the opportunity is sitting right here. Go ahead-try to find a better one. We dare you.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $159,900 |
| Year Built: | 1902 |
| Lot Size: | 4,558.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 3 |
ID: 3yd-NYSMLS-11905483
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