Description
Multi-Family Investment Opportunity in Central Harlem with Potential for ExpansionWe're excited to present this prime multifamily investment property, located in the heart of the vibrant Central Harlem neighborhood.The building is a legal four-family dwelling, positioned within an R7-2 zoning district, which presents an additional exciting opportunity for you. With a potential annual rent roll of $233,000, this property is a solid investment in a continuously evolving neighborhood. WILL BE DELIVERED VACANT.The property comes with pre-approved rights to add an extra floor, expanding its current structure and potentially increasing the return on your investment even more. The value-add potential is substantial, making this property a rare and rewarding investment opportunity in New York's real estate market.The property currently houses a total of 8 units. This includes 3 studio apartments, 4 one-bedroom apartments, and 1 unique junior-four apartment - a unique configuration featuring a large one-bedroom and an additional smaller room, which can be used as an office or smaller bedroom.All apartments will be delivered vacant, allowing the new owner to set new market rents, enhance the unit mix or reconfigure if desired.Don't miss out on this unique opportunity to acquire and expand a multi-family investment property in Central Harlem, a community that continues to grow in desirability and economic potential. Your chance to create a legacy property in a thriving New York neighborhood is here. Reach out today for more information or to schedule a private tour.
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8BEDS
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0ACRES
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8BATHS
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11/2 BATHS
School Ratings & Info
Description
Multi-Family Investment Opportunity in Central Harlem with Potential for ExpansionWe're excited to present this prime multifamily investment property, located in the heart of the vibrant Central Harlem neighborhood.The building is a legal four-family dwelling, positioned within an R7-2 zoning district, which presents an additional exciting opportunity for you. With a potential annual rent roll of $233,000, this property is a solid investment in a continuously evolving neighborhood. WILL BE DELIVERED VACANT.The property comes with pre-approved rights to add an extra floor, expanding its current structure and potentially increasing the return on your investment even more. The value-add potential is substantial, making this property a rare and rewarding investment opportunity in New York's real estate market.The property currently houses a total of 8 units. This includes 3 studio apartments, 4 one-bedroom apartments, and 1 unique junior-four apartment - a unique configuration featuring a large one-bedroom and an additional smaller room, which can be used as an office or smaller bedroom.All apartments will be delivered vacant, allowing the new owner to set new market rents, enhance the unit mix or reconfigure if desired.Don't miss out on this unique opportunity to acquire and expand a multi-family investment property in Central Harlem, a community that continues to grow in desirability and economic potential. Your chance to create a legacy property in a thriving New York neighborhood is here. Reach out today for more information or to schedule a private tour.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2023 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Kaufman Real Estate. Data last updated: 2023-09-30T22:44:34.047.