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,
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