Great Multifamily in Harlem! Live for free or keep as an amazing Investment Opportunity! This beautiful gated three-family Townhouse was built in 1996 and is located in the heart of East Harlem on one of the quietest and nicest tree-lined streets in the   area. Imagine walking two blocks from the train on 110th Street into your own Townhouse or pulling into your own private parking, all while living in Manhattan!  

This Townhouse has private appeal upon entry, with a beautiful front garden entrance. It also has a spacious landscaped backyard paradise; designed with a seating wall, private parking space behind a gated driveway entrance.It's also an incredible investment   opportunity! Currently configured as a strong cash flowing property with ALL Free Market Tenants! The first floor and Lower level is occupied with tenants paying full market rent as well as the rental units on the second and third floors generating strong   rental income.

 

This turn-key Townhouse offers the following:1st floor unit- boasts a huge Master Suite (convertible to a two-bedroom) with walk-in closet, recently remodeled to perfection with a full en-suite bath, as well as a guest bath. The kitchen is renovated with   two lovely open archways. The kitchen features new stainless steel appliances (including a Frigidaire Gallery refrigerator and range, Kenmore dishwasher and Samsung over-range microwave. This level features hardwood floors throughout, as well as a marble-tiled   kitchen and bath, all-new windows and private access to lower level. Current Rent: $2,325 per month.

 

The lower level is finished and well-appointed with a large family room/game room, utility kitchen, a full bathroom + home office. There is a private entrance connecting 1st floor unit as well as separate entrance to main lobby. Current Rent: $1,865

 

The 2nd and 3rd floor Rental Units are each three-bedrooms with one bathroom and a laundry room connection, which can be converted to a bath. This level boasts a galley kitchen, wood flooring throughout, and a walk-in closet in the larger bedroom, as well   as exterior spiral stairs leading to the backyard. 2nd Floor Rent: $2,760 and 3rd Floor Rent: $2,775.

 

Expenses are very Minimal:

 

Taxes: $10,019 per year.

 

Insurance: $1,836

 

Handy Man: $1,800

 

Net Income: $103,092

 

Cap Rate: 4%