315 Ave C

Welcome to 315 Avenue C, a unique and newly renovated bright large 3-unit 3 family for sale in Kensington, walking distance to Prospect Park.

This multi-family property comprises of three floor-through residential homes, totaling of 3,013 sq. ft. Each unit also has separate entrances. The second and third floor apartments comprise of 3 bedroom and 2 baths with a private terrace/balcony attached to each unit, and the first-floor apartment comprises of 2 bedroom and 1 bath. Each unit has updated flooring, security system and brand-new kitchen appliances and bathroom fixtures. The finished basement features a washer and dryer for the building, storage for each unit, as well as updated heating and cooling systems.

The property also has a common backyard, 3 parking spots in the front and an updated roof. It is uncommonly found to have a property that can serve as a primary home and/or an income producing investment, concurrently.

The second and third floor are currently occupied with good standing tenants on a month to month lease at $2,600. Potential rent for the building is $8,100 (1st floor - $2500 2nd and 3rd floor - $2800), making this a 5%+ CAP rate building. Property can be delivered vacant if necessary.

315 Avenue C is just a few minutes from McDonald Avenue and Church Avenue; the latter being the neighborhood’s primary pedestrian strip. The building is close to a number of trendy restaurants, bars, shops, cafes, grocery stores, banks, etc. Nearby modes of public transportation that serve the neighborhood include the F/G/B/Q subway line and the B67/B69/B103 bus lines.

Lot Size: 28' X 100' Building Size: 21' X 51' Current Annual Taxes: $10,153.00