Property Description for 63 Titus Ave
Investors! 2 mixed use 6 unit buildings total 12 units combined has immediate value-added opportunity by re-positioning the existing assets with market rent and has more potential by undertaking new development in the future.
This investment opportunity is twin brick mixed use 6 unit buildings on an over-sized 16,368 sq ft combined lot. Each building has 4) 2 bedroom residential units and 2) commercial office units on basement level totaling 8 residential and 4 offices . All the kitchens and baths are updated and all 12 tenants pay their own utilities with the exception of water. There is a coin operated laundry area for additional income and two parking lots which can also create additional income.
This building is located in a B neighborhood in the Staten Island Areas. It is one of the most recognized for its convenience in transportation, shopping, restaurants and it also has a movie theater. It is only minutes to the VZ Bridge and Staten Island University Hospital area with 862 businesses, 13,667 employees averaging $52,000 yearly income.