Turn-key 6 Family Investment Property - L Train - almost 10% Cap Rate


Address: 294 Stanhope Street
Neighborhood: E Williamsburg
Price: $829,000
Bed: 5+
Building Type: House
Status: Active


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Listed by: Robert Napolitano




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About the Property:



Call Robert Napolitano - 917-225-7584
This 6 Family Home is located just 2 blocks from the L train, and Wyckoff Hospital.
Housing 6 gorgeous 2 bedroom apartments, this is an investors dream!
There are new condo developments just a couple of doors down.
The property is located between Irving Ave and Wyckoff Ave.
There are plenty of shopping, restaurants and laundry nearby. Call today to schedule a private appointment.

Income and Expenses:
Apartments:
1L - $1124 (06/09)
1R - $1000 (06/09)
2L - $1200
2R - $1175 (09/09)
3L - $1200 (09/09)
3R - $1250

Heat (Gas) - $4800/yr
Electricity (Hallway) - $360/yr
Water/Sewer - $3300/yr
Insurance - $3500/yr
Taxes - $3700/yr

Income - $83,388/year
Expenses - $15,660/year
Net Income - $68,340/year

Cap Rate --->9.34%











Thinking about selling your property?
If you or anyone you know is thinking about selling your home, call your local real estate experts - Capri Jet Realty, Corp today!
Our goal is to sell your property at the highest price, in the least amount of time
Call us today for a free over the phone market analysis!










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