$1,100,000
Welcome to 2296 Atlantic Avenue, this exceptional three-family turnkey investment property delivers immediate cash flow and long-term upside, boasting an impressive ~8.6% cap rate. Fully occupied with stable, paying tenants, the building is well maintained and requires minimal management - making it a true plug-and-play asset for any investor. Each… Read More unit features functional layouts designed for tenant comfort and retention, contributing to consistent rental income and a proven occupancy track record. This is a rare opportunity to secure a high-performing, income-generating property with solid financials from day one. Adding even greater value, the neighboring building 2294 Atlantic Avenue is also available and can be purchased as a package deal. Combined, the properties present a unique development opportunity with additional air rights, offering significant upside potential for expansion or redevelopment. R6 Zoning. Ideal for both seasoned investors and developers looking to maximize returns through income and future growth. Read Less
Courtesy of Kenwood Chan, eXp Realty BKNY 888-276-0630
Listing Snapshot - Source: Home Junction
Days Online
97
Last Updated
Property Type
Multi Family
Full Baths
3
Lot Size
0.04 Acres
MLS Number
501149
30 Days Snapshot - Source: Home Junction
Additional Details
Basement
Cellar
Building
765 building footprint sqft, 3 ac units, 3 families
Expenses
Gross expense: $6,708, Insurance expense: $2,500, Utility expense: $1,000
Exterior Features
Aluminum Siding
Floors
Hardwood
Heating
Gas, Hot Water Coil in Boiler
Income
Gross income: $101,280, Net operating income: $94,572
Lot
1,700 Sqft, Length: 100, Width: 17
Roof
Flat
Taxes
Tax amount: $1,208
Utilities
110 V
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Mortgage Calculator - Source: AgentFire
Monthly Payment
$0
Melinda Micciola
NYS Licensed Real Estate Salesperson
Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
~MelindaPlease Select Date
Please Select Type
Similar Listings
Listing Information © Brooklyn New York Multiple Listing Service. All Rights Reserved.
Information herein is deemed reliable but not guaranteed and 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.