Seize this PRIME investment opportunity with a well-maintained legal 3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in the desirable Arrochar neighborhood of Staten Island. Tenants are operating below-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, this property is strategically located near schools, shopping centers, and transportation, just minutes from the Verrazano Bridge. Tenants will appreciate the convenience, ensuring high demand. This fully rented property boasts reliable long-term tenants, comprising one one-bedroom and two two-bedroom units, each with full bathrooms. Modern amenities include three separate heating systems, three NEW water heaters, three gas and four electric meters, enhancing tenant satisfaction and operational efficiency. With a solid rental income of almost $7, 000/month and very low monthly expenses. Real Estate Tax below $5, 000.
Extra Information for 38 Arthur Ave Staten Island, NY
- Seller Type:
- Category: Single-Family Houses
- Listed Date: Oct 15, 2024
