Great Investment Opportunity with Excellent Cash Flow! Priced to Sell at $599,000 "AS IS" with Projected NOI% of 8% based on projected rental income of $55,200;
RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density.
Full reconstruction in 2013 (electricity, pluming, HVAC, etc.);
Two family fully detached property 4BR / 2 BA; Separate meters for gas, electric, water/sewer
Unit 1: Renovation just completed (New Kitchen, Appliances, Flooring etc.). Separate Backyard Access!
Unit 1: 2 BR, 1 BA / Own to live or rent (Projected $2,500+)
Unit 2: 2 BR, 1 BA / Currently Rented on month-to-month lease @$2,000; ($1,900 Guaranteed Section 8 federal funding)
Unit 2: Tenant open to new long term lease agreement if suitable for buyer
Clean inspection October 2025
Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!