Property Description for 413 Himrod Street
> Live Rent Free in this solid 6 family townhouse in Bushwick!
> Built in 1931, this stately brick townhouse is 25 x 65 on a 25 x 100 lot.
> Each apartment has the traditional 4 room floor through in addition to the full basement and backyard.
> Delivered with 3 vacancies - 2 of these vacant apartments are on the first floor - where the opportunity to combine them into a 1,500+/- sqft space with direct access to the backyard for an owner occupancy is tremendously rare.
> If more space is needed, duplex this 1,500+/- sqft combined apartments to the full basement that has another 1,500+/- sqft.
> And there are still 4 apartments above to cover the mortgage and expenses.
> Or keep the whole property as an income producing investment.The building has a new boiler, hot water tank and is in good condition.
> It is located on a beautiful tree-lined block and is 2 blocks from the DeKalb Station L train, which is 10 min ride to Williamsburg and 15 min to NYC.
> This section of Bushwick is lined with beautiful turn-of-the-century townhouses.
> Commercial financing requires a minimum of 30% down payment.
> Estimated Annual Expenses are: Real Estate taxes - $4,572; Insurance - $3,832; Fuel - $6,700; Water/Sewer - $4,100.
> Total Annual Income including 3 projected vacant apartments being rented - $77,340.