333 Rutland Road

Perfect for a 1031 exchange, this three-family townhouse was built less than 20 years ago. It has very low expenses and a good rent roll, with room to grow. Located next door to Lefferts Manor known for its picturesque single family homes. These large apartments make for highly desirable rentals in an area that suffers a shortage - and the building has a curb-cut for parking. Investment Potential: Offers immediate rental income and holds potential for future development. There is additional FAR to build more on the lot; the full-height basement could become valuable living space. Owner Occupant: Duplex the first floor with the basement, have 2,000 SF of living space plus a full garden and parking. Rental income from the two units above would pay the mortgage. Recent Renovations: The top two apartments have updated kitchens and bathrooms, each with three bedrooms and two bathrooms. The first-floor apartment is a two bed-two bath. Mechanicals are in the basement with each unit separately metered for heat, gas and electric, keeping carrying costs low. The basement has high ceilings and currently provides storage, laundry facilities, and direct access to the garden. Location Benefits: Quiet, tree-lined community that has excellent access to subways and buses. Highly desirable neighborhood to be near the park and have great local favorites like Camillo nearby, a delicious Roman restaurant. For more details, including rent roll/expenses, please contact the listing agent. See video for more insight.