38 Arthur Ave

Seize this PRIME investment opportunity with a well-maintained legal 3-family house, with three detached garages on a 40X100 lot in zone R3-1, in the desirable Arrochar neighborhood of Staten Island. Tenants are operating below-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, this property is strategically located near schools, shopping centers, and transportation, just minutes from the Verrazano Bridge. Tenants will appreciate the convenience, ensuring high demand. This fully rented property boasts reliable long-term tenants, comprising one one-bedroom and two two-bedroom units, each with full bathrooms. Modern amenities include three separate heating systems, three NEW water heaters, three gas, and four electric meters, enhancing tenant satisfaction and operational efficiency. With a solid rental income of almost $7,000/month and very low monthly expenses. Real Estate Tax below $5,000. This investment promises attractive returns and substantial upside potential, as current leases are significantly below market value. Act now to capitalize on this exceptional offering! P&L is available upon request. Please note that the Certificate of Occupancy, dated 2008, reflects a legal three-family dwelling with three detached garages. The building has no violations and is properly registered. Showings are by private appointments only. Please do not disturb tenants.