Investment Property Realty Group (IPRG) is proud to exclusively present 520 Union Avenue, a premier investment opportunity located at the intersection of Union Avenue and Jackson Street. This meticulously renovated building has undergone a complete gut renovation, featuring high-end, condo-quality finishes throughout. Each unit is equipped with modern conveniences, including in-unit washer/dryer, dishwasher, split unit systems, and flat screen TVs.
The property comprises five distinct apartments: a spacious five-bedroom duplex on the first floor with exclusive access to a private backyard, and four well-appointed two-bedroom units on the second and third floors.
The property is located within walking distance to the G & L subway lines.
INVESTMENT SUMMARY HIGHLIGHTS:
• Five apartments, exempt from rent regulation
• Attractive 5.5% cap rate
• Tax Class Protected- Low expense ratio with an annual tax bill of just $18,720
• Three blocks south of McCarren Park
• Within a couple of blocks from establishments such as Lillia, Talea Beer Company, Nami Nori, Bernie’s, and The William Vale