Note: the above is based on a down payment of 20% ($420,000),
which is the minimum amount permitted by the building.
Description
JUST LISTED. In trendy Hamilton Heights, this well maintained multi-family limestone is conveniently located on a beautiful tree-lined street near restaurants, cafes and close to public transportation. This undervalued building represents investors and homeowners significant upside, depending on which strategy you want to take, rental building, condo conversion or private home with income producing rental property. It is full of immense potential
Built in 1899 with 3 floors, plus updated ground floor owner duplex with large renovated kitchen, with original NW fireplace in living room and beautiful spiral staircase to second floor.
The upper floors features, 9Â ceiling, 5 decorative fireplaces, and loads of original detailed wood trim throughout the house, plus large skylight in the hallway.
This is registered as a 10 unit SRO and is it the R8 zone and school District 6. The building dimensions are 16ft x 52ft approximately 3328 sq. ft. and over 3885 sq. ft. FAR. The property is vacant and will be delivered that way.
The owner now rent the rooms on Airbnb and other sites for an average of $9500 per month. We are looking for CASH deals only.
The home is located a block away from Riverside State Park, and tons of hip restaurants and bars just blocks away This home is close to public transportation subway (1, A, B, C, D) Buses (M100, M15, M101, M5, M4)
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