701 Jefferson Ave

This 3 unit building, 4,056 sq ft, 26 ft wide, three-story plus basement brick house, located in Bedford Stuyvesant features 3 spacious apts plus 2 parking spots, and extra room for storage in the basement. Offered at a 6.5% CAP RATE.
The recently renovated second floor apt features 3 bedrooms and 2 bathrooms, renting for $3,100 per month. The top floor unit is a 4 bedroom, 2 bathroom apt with soaring ceilings, fantastic closet space, and a south-facing balcony, renting for $3,400 per month. All three units are separately metered for gas and electric. Building size is 26' X 52' on a 100' deep lot. There's 20 years remaining on the tax-abatement - current taxes are only $1,792 a year! Only a few minutes to the Utica Ave express A/C trains and the Gates J/Z trains, which will land you in Downtown Manhattan within 25 mins. This fantastic 6.5% Cap Rate Investment Opportunity is not to be missed!
Current breakdown:
Apt #1: 3 bed, 2 bath. Rented on a month to month basis to the building super for $2,350. Also includes half of the basement and an indoor parking spot.
Apt #2: 3 bed, 2 bath. Rented with 1 outdoor parking spot for $3,100. Lease ends on June 30th / 2016.
Apt #3: 4 bed, 2 bath. Rented for $3,400 per month.