Property Description

Description:Prime Crown Heights two-family brick townhouse. Sold as-is with tenants in possession, but both occupants are cooperative and willing to relocate if provided with assistance. A 90-day notice to vacate has been served, making this strong value-added opportunity with flexible delivery. No interior access at present. Excellent upside for investor or end-users planning renovation or redevelopment.Highlights:2,280 sq ft building on 3,277 sq ft lot. R6 Zoning - ideal for redevelopment or expansionDelivered occupied with relocation flexibility; vacant delivery negotiableFull basement, brick facade, gas heatClose to 3/4 trains at Utica Ave and multiple bus linesLow property taxes, stron post-renovation rental demandFinancial (Estimated):Unit 1: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Ground floor, 3 BR)Unit 2: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Upper Level, 3 BR)Total Potential Gross Rent: $7,600/mo ($91,200)/yr) based on market rentsDisclosures:Sold as-is with tenants in possession.Tenants are Cooperative and open to relocation with assistance.90-day notice to vacate has been served.Seller makes no representations regarding interior condition.Cash Offers preferred. Proof of funds required for exterior inspection.Neighborhood:Crown Heights is one of the Brooklyn'smost sought-after investment areas, with renovated two-family sales usually starting at $950,000.

Property Features