![[Flatlands Real Estate, listing number 7268364]](https://www.vlshomes.com/images/full/7268364a.jpg)
| Description: 7268364 | |
| ATTN INVESTORS: 16 Units / Flatlands / 4 Vacant Units Massive 16-unit multifamily building for sale in Flatlands (Flatbush). This is the "value-add" opportunity you''ve been waiting for. A rare find for the strategic investor! Immediate Upside: 4 units delivered vacant at closingâ??ideal for rent growth. The Income: 12 stabilized units provide a strong, reliable cash flow. Prime Location: Walking distance to Kings Plaza, and major transit. This solid 16-unit brick building in Flatlands/ Flatbush offers the perfect blend of stable income and immediate upside. With four units delivered vacant, gives the new owner significant value-add opportunity for rent growth in a high-demand residential neighborhood. While the building is primarily rent-regulated, the delivery of 3â??4 vacant units allow a rare "mark-to-market" opportunity in an otherwise "locked" market. Solid brick construction, updated mechanicals, and a clear path to increased NOI. Act fastâ??this will not last. Great opportunity for a 1031 exchange! | |
Details: |
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| Families: | 16 | |
| Property Type: | House | |
| Acres: | 0.09 | |
| Built: | 1920 | |
Financials: |
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| Price: | $3,399,000 | |
| Taxes: | $51,780 | |
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