Description
AMAZING INVESTMENT OPPORTUNITY THAT YOU WILL NOT WANT TO MISS! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5, 400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64, 800, with a NOI of $44, 400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. PLEASE CALL OR TEXT NOW, DO NOT MISS OUT!!!
More Property Details
Bedroom: 4
Full Bath: 2
Lot Size: 0.0574
Lot Sq Ft: 2500
Parking Spaces: Yes
Parking Facilities: Driveway
Heat: Natural Gas
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $14,454
School District#: 5
School District: New Hyde Park-Garden City Park