Gravesend, Brooklyn

SALE

Property Details

MULTI-Family in prime Gravesend. This two-family, semi-detached offers 1,430 square feet of residential space in a 17 feet wide building. Built in the 1930s this property has kept it's old-world charm while answering the demands of today's tenants with refreshing renovations that include modern kitchens, stainless appliances, stylish tile baths and the occasional in-unit W/D. Currently Configured with 2 two-bedroom, one-bathroom apartments, and a full finished basement with separate entrance, this quintessential property offers buyers a wonderful opportunity for realizing strong income now with promising prospects for appreciation. New Owners may decide to keep the property as a full rental building. Alternatively, Owners may choose to live in one unit while keeping the additional apartment as a rental unit, creating for themselves an income-producing scenario that can cover expenses including the mortgage. Additionally, Owners may choose to re-configure the building into a single-family home. Whether for the near or long term, the ground-floor makes an excellent choice as an owner's residence. On a lot that's near 75' deep, it enjoys a back yard and a detached garage suggests that many ownership choices are possible. Choosing to hold for the long term means owners will benefit from the market appreciating. Meanwhile, no matter what the length of ownership, a tenant in the other free-market apartment pays for their own heat, thereby enabling Owners/investors to continually enjoy solid income with minimum expenses. In a prime location, on a quiet tree-lined street and nestled in between the area's notable shopping corridor, this home presents a timeless opportunity for owners and investors alike!

General Information