92 Third Avenue

Description

Attractive brick two-family investment opportunity close by the Empire State Rail Trail to the Kingston Point Park and the Historic Waterfront District. Two 1- bedroom apartments with with office/studio space on the walk-out lower level with washer/dryer. New metal roof in 2020, replacement windows and boiler from 2006. Recent improvements include renovations on the lower level and 1st floor apartment. Both apartments have similar layouts with the first floor benefiting from lower level work space and the second floor apartment from walk-up attic for storage, music practice, etc. Separate entrances, large back yard, sweet glass enclosed front porch and designated off street parking for both units (both driveways to left an right). Both units are rented with annual leases in place. Landlord pays heat and hot water, water/sewer and tenants pay for electric and cable. 8% cap rate.

Extras: 2020 Metal Roof, replacement windows and boiler from 2006. Outbuildings convey as is. Both driveways to left and right are on subject parcel. Tenants have annual leases. First floor move in date is 3/1/2023 at a rent of $1,500/month plus electric and ca