![[Flatlands Real Estate, listing number 7211862]](https://www.vlshomes.com/images/full/7211862a.jpg)
| Description: 7211862 | |
| This well-located 3-unit building offers strong income with built-in upside. The first floor is leased to a long-standing ophthalmologist practice with eyewear sales, generating $2,700/month. The third floor is a two-bedroom, one-bath apartment currently rented for $1,400/month. The second floor, also a two-bedroom, one-bath, will be delivered vacant perfect for owner-occupancy or new rental income. This property sits on a busy stretch of Nostrand Avenue, offering excellent visibility and consistent traffic. With tenants already in place and one unit available, itâ??s a rare opportunity for both investors and buyers looking to live upstairs while collecting rent. Even better, the property qualifies for an FHA 203K Rehabilitation Loan, allowing owner-occupants to finance both purchase and renovations in one package. This is a turnkey investment with future growth potential. Selling with tenants in place. | |
Details: |
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| Families: | 3 | |
| Property Type: | Commercial | |
| Acres: | 0.05 | |
| Built: | 1940 | |
Financials: |
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| Price: | $1,100,000 | |
| Taxes: | $6,843 | |
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