569 Van Siclen Ave

CONTRACT SIGNED!!For investors, this property is delivered vacant with projected 7 % cap rate and 8.5% cash or cash return. Plus, there is major upside from the area's upward growth. For a primary residence, this home gives you a 2000 square foot duplex to call home PLUS high income from the three bedroom rental unit.

This massive corner building is directly across the street from the #3 Express Train at Van Siclen Ave in prime East New York. Built full 20x50 on three floors (all three floors are ABOVE GROUND and legal for living and bedrooms), there are two huge apartments with windows on three sides.

Apartment 1 is a massive DUPLEX with 5 bedrooms (convertible to 6) and one and a half (1.5) bathrooms spanning 2,000 square feet. Apartment 2 is a huge FLOOR-THRU with 3 bedrooms and 1 bathroom, convertible to 4 bedrooms, spanning 1,000 square feet. Each unit controls and pays for its own heat, hot water, and electric so your expenses are LOW.

This property would make a perfect investment or live-plus-income. Best of all, this building would easily convert to a three units.

Taxes = 5,400 per year. For primary residence buyers, there is an abatement to lower taxes to 3,000 per year.

EMAIL ME TODAY FOR A COMPLETE FINANCIAL SET UP