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Attention Investors. Great Rental Income Potential

Attention Investors. Great Rental Income Potential
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Posted By:
George L Rosario
Posting ID:
4821v1350
Location:
504 Georgia Ave, 11207
Telephone:
917-945-4211
Tags:
 roi   income   investment   rental   property   real   estate   george   rosario 
Price:$425,000
Listing Type:Multifamily For Sale

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This Property is Legally Presented and Listed By:
George L. Rosario
NYC Real Estate Expert

George L. Rosario
Licensed Real Estate Salesperson
Coldwell Banker, Kueber Realty
67-13 Myrtle Avenue,
Glendale, NY 11385
718-628-0100 OFFICE
718-628-0399 FAX
917-945-4211 CELL


Location:
504 Georgia Ave, 11207
Contact Phone Number: 917-945-4211
Contact / Listing Agent: George L. Rosario

Asking Price: $425,000 BRING ALL OFFERS!
Listing Type: Multifamily For Sale (2 Family)
Bedrooms: 7
Bathrooms: 2.5
Living Area: 2668 Sq Ft
Lot Size: 3000
Year Built: 1910
Subdivision: Detached 2 Family With Semi Finished Basement

Legal Address:
504 Georgia Avenue
Brooklyn, NY 11207

Property Description:
Largest 2 family on the block. This property comes with a semi finished basement, garage, brick construction and detached local. It is close to the train, on a nice block, and is in fair condition (needs work). Very motivated seller. Will deliver property vacant. A little work and this property will definitely impress all that look at it. With huge bedrooms, large dining room, eat in kitchen, huge living room, perfect layout for privacy, lots of windows, and spacious retro style bathroom, this property clearly reminds us that they don't make them like this anymore. Excellent for use as a primary residence or as an investment (rental property). Did I mention that the property has great closet space and has a laundry room as well? Add the fact that this property is next to public transportation and you will understand it's real rental potential.

This area easily collects $1500 for small three bedroom apartments.
The 3 bedroom apartment in this property (first floor), complete with the large kitchen, large living room and large dining room will easily be converted to a $1600+ a month rental. Add the parking space in the back and you can easily get $1800 a month.

The second floor has a huge 4 bedroom apartment complete with large kitchen, huge living room and very spacious dining room. Yes, I said dining room. The dining room was used as an additional bedroom in the past giving this apartment a unique 5 bedroom layout. Of course, with 4 huge bedrooms you really don't have to sacrifice the dining room. I am not exaggerating when I say that you can get $2000 a month for this apartment ($500 per roommate) and that is being modest.

The property needs some work, which will not be an issue since it will be delivered vacant.

Contact me immediately to make an appointment. You will not be disappointed.

Bring all offers!

Tags: New York City Real Estate, Brooklyn, NY, Agent, Broker, Sale, Property for Sale, Real Estate for Sale, #investment, #George L. Rosario,

CONTACT:

George L. Rosario
Licensed Real Estate Professional
North Brooklyn Representative
Coldwell Banker, Kueber Realty
67-13 Myrtle Avenue,
Glendale, NY 11385
718-628-0100 OFFICE
718-628-0399 FAX
917-945-4211 CELL

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