Courtesy of: Joseph Cardinale, HOWARD HANNA CAPITAL INC, josephcardinale@howardhanna.com
Courtesy of: Joseph Cardinale, HOWARD HANNA CAPITAL INC, josephcardinale@howardhanna.com
$290,000
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7 bed
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2.00 Bath (2 Full)
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Lot: 0.13 Acres
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Other
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$290,000
124 Mountainview Avenue INCOME-PRODUCING DUPLEX - VALUE-ADD OPPORTUNITY Excellent opportunity for investors seeking strong rental potential in the Averill Park School District. This 2-family duplex offers 2, 000 sq ft with 7 bedrooms and 2 full baths with current cap rate of 10 % and net income cap rate of 12.7%. Each unit features large living room. The first-floor unit includes 3 bedrooms one bath ideal for increased rent or home-office demand. The second-floor unit offers 4 bedrooms one bath. Unfinished basement provides storage and future value-add potential. Situated on a 5, 663 sq ft lot with a fenced backyard, 2-car garage, and additional off-street parking-features tenants value. Vinyl siding, forced air and baseboard heating separate natural gas and electric. Property an ideal value-add investment with upside through upgrades, rent increases. Convenient location near schools, shopping, and major routes.
Courtesy of: Joseph Cardinale, HOWARD HANNA CAPITAL INC, josephcardinale@howardhanna.com
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