2764 West 15th Street

This Five Family attached brick house has 5 two-bedroom apts. Net CAP Rate approximately of 6.5%. Gross income of $66,600 - Annual expenses of $26,961. There are NO rent-controlled or rent-stabilized apartments in the building. All apartments are rented long time ago and the rents have never increased. Tenants regularly pay rent month to month. The house has a big potential to increase the income. This property is located in a special zone district of Coney Island, zoned M1-2. The property is centrally located in the central hub of development zone, located just minutes from MCU Park, mass, transit, area beaches, iconic boardwalk and amusement Luna Park, and just off the Belt Parkway. Drive by only. On the pictures is current condition of the property. The house is sold As Is, occupied by tenants. Cash deal only. No mortgage contingency. The all apartments will be shown only after the offer to purchase is accepted by the seller.