In the heart of prime Clinton Hill is a true real estate gem that is great the buyer seeking a property with untapped income potential. 119 Waverly Avenue is a 3150 Sq Ft property defined as a 4-Unit home that exudes "prepare for amazing returns on your investment". With its amazing location and extremely low taxes--$1272 a year--it doesn't matter whether you want to live here or utilize it strictly as an investment property, your real estate dreams will come true.
Over the years this home has received timely upgrades to ensure it is always move-in ready. Its standard finishes make it a blank canvas for you to come in and make it your own. If you're looking to live here with tenants, you can surely live here as-is and occupy a floor, or you can return it to its original layout as a 3-Units. At one point, the parlor and garden levels were connected to create a palatial 4-Bed, 2-Bath duplex; simply adding a staircase will restore its former glory. You can truly live your best life here.
Currently, the garden apartment is a 1-Bed, 1-Bath with tons of storage, a spacious living room, and an equally large open kitchen with ample dining. The parlor floor is a 2-Bed, 1-Bath unit with a versatile layout that allows its occupant to decide where they want to put their living room. The second and third floors are 3-Bed, 2-Bath units with generously proportioned rooms and great storage--there is also versatility in how they can be utilized which has been historically appealing for renters here. Whatever a renter desires, they have the space to do it here, and you'll have the advantage to command competitive rents. Each floor's electric and mechanicals have been upgraded, so they're separately metered which keeps owner expenses low. When this home's amazing price, low taxes, dynamic square footage, great location, and moderate expenses are considered, you'll understand why it's a top-notch investment.
119 Waverly Avenue resides in one of Brooklyn's most desired neighborhoods--Clinton Hill--so finding renters will never be an issue. Its rich history and current happenings have summoned residents from all over the world. Great restaurants, chic shops, and strategic local amenities ensure it is a place worth coming home to. Nearby you'll find the iconic Fort Greene Park, Barclay's Arena, City Point Mall, the Brooklyn Academy of Music, and so much more. And you're just two blocks from the Navy Yard, less than 10 minutes from Dumbo, and less than twenty minutes from Manhattan. This location is everything. If you were looking for a dream home with limitless potential, look no further. Find Your Sweet Spot.
Quick Profile
Tucked behind the Brooklyn Navy Yard in central Brooklyn is the quiet residential neighborhood of Clinton Hill. Once a strictly working-class neighborhood, Clinton Hill has become known for its elegant brownstones and stately mansions that were built as Manhattanites crossed the East River in the 1920s in search of the supposed health benefits that came from living “on the hill,” which has an elevation of 95 feet. Now you will also find newer luxury apartment and condo buildings interspersed throughout the neighborhood.
The Pratt Institute and St. Joseph College give the area a certain energy that comes from having a college in your town, while it’s leafy streets, some with their original cobblestones, and slower pace attract young families. Millennials and professionals are flocking to Clinton Hill in search of a reasonably priced neighborhood that offers both nightlife and an easy commute to Manhattan. Clinton Hill is a beautiful neighborhood with a suburban feel and firm roots in its past that also offers plenty of urban amenities.
New businesses are showing up in Clinton Hill on a regular basis, adding to the current proliferation of coffee shops, restaurants, and bars. As the population changes, new entertainment and nightlife venues are migrating to the area to meet the demand. Barclays Center is within easy walking distance, offering exciting sporting events and concerts.