705 Schenck Avenue
House · New Lots · $840,000
TAXES - $122/Mo ·
We can arrange direct showings for serious buyers. Walkthrough video: youtu.be/TEo2oxkfw9w
Turnkey investment with an above average 7% cap rate, or make this your home and earn rental income.
Move-in ready, two-family home. 3 bed/2 bath over a 3 bed/3 bath duplex, totaling 1785 usable SF. This is a 17' x 35' freestanding house on a 20' x 100' lot with 1,380 SF unused FAR.
The home was fully gutted in 2017 including new plumbing, heating, roofing, and electrical. Both units feature modern kitchens and bathrooms, large closets, bamboo hardwood flooring,and recessed lighting. The finished basement has two private entrances and full bath. When you want to grill or garden, enjoy another 800 SF of outdoor space; have your choice of the garden patio, fenced backyard or balcony with French doors.
With these low taxes, record-low mortgage rates, and a high demand of rentals, this is a low-risk & high-return purchase. Investors: enjoy $64,000 in immediate rental income for a 7% cap rate. Owner-occupants: move in to your apartment of choice and offset your mortgage with rental income.
East New York is a thriving market, and this property is conveniently situated in the middle of its best. Reach Manhattan in 30 minutes, after just 5 minutes to the 3 subway or further to the L. For a nature-loving day, drive 10 minutes to the new 407-acre Shirley Chisholm State Park or any of the other parks and piers. On the way, stop at the Gateway Center mega-plaza for shopping & restaurant (calling Target lovers!). Or there are grocery stores, schools and parks around the block. Need a vacation? JFK Airport is 15 minutes away. This area is appreciating quickly.
Contact agent today for private & virtual tours, and more information.
WebID: 240557 - Listing Courtesy of Harjot Kaur Nayar
Eat In Kitchen
Walk In Closet
Stainless Steel Appliances