221 East 2nd Street

Fantastic four family townhouse at 221 East 2 Street on the border of Kensington and Windsor Terrace. This semi detached, all brick house sits on a huge 30 ft x 100 ft lot and measures over 3,100 sqft across two floors with an additional 1,500 sqft of usable space in the finished basement. Built 20.5 ft x 76 ft with windows on three sides, this spacious and bright home features a one bedroom apartment and a two bedroom apartment on the first floor with two two bedroom apartments on the second floor. All of the units and the building are in great condition. This property offers amazing opportunities to end users and investors alike. Given the versatile layout, the first floor units easily can be combined by simply removing one wall to create an owner's 1,500+ sqft home with backyard and parking plus $4,500+ income per month from the two 2 bedroom units above. Duplexing the first floor unit to the finished basement opens another world of possibilities. Recent improvements include: new water main, gas lines, furnace, water heater and roof. Beside the house is a drive way with enough room for four cars. It leads to a sunny garden area in the back. There is a laundry room in the basement along with amble space for bike room, storage area and workshop/recreation room. Conveniently located close to the F/G subway stops at Church Ave and Fort Hamilton Parkway as well as tons of shops and restaurants. 221 E 2 St offers amazing investment potential with the strong appreciation of rents and home values in the area. Current average rents in the neighborhood are $1,750 for a one bedroom apartment and $2,450 for a two bedroom apartment. Can be delivered vacant.