Welcome to this Tastefully Modernized Legal 3 Family home that sits on a Beautiful quiet Tree-lined block in the Bushwick area of Brooklyn.
This 18.75 X 50, Home sits on a 100 foot Lot with over 4,000 buildable Square Feet. With 3 updated separate Boilers and Hot water Tanks every unit pays its own utilities. With annual expenses including taxes only at 5,600 a year, this home is truly a diamond in the rough with a legitimate 6.8% Cap Rate. Already collecting $4,900 a month from great tenants in the top two units this home is perfect to live and collect rent for your mortgage or a great Investment opportunity to add to any portfolio. The first floor duplex with sole access to the yard is currently vacant but was collecting 3,000 a month and can easily command more. With a seamless commute to Manhattan via the J - M - Z train lines this home provides great transportation options for any families needs. With close proximity to such delicious eateries as Smoothie King, The Platform, or a short walk to blink Fitness, The brooklyn high School For Law & Technology or I.M.A.G.E. art Gallery this home is perfectly situated for all.
Off market
$1,724,900
970 Madison St, Brooklyn, NY 11221
6beds
3,752sqft
MultiFamily
Built in 1901
-- sqft lot
$1,724,900 Zestimate®
$460/sqft
$4,170 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Appliances
- Included: Dishwasher, Refrigerator
Interior area
- Total interior livable area: 3,752 sqft
Property
Lot
- Size: 1,875 sqft
Details
- Parcel number: 033660021
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1901
Community & neighborhood
Location
- Region: Brooklyn