Detached 2 Family Home + Vacant Lot – Development Package Deal!

Come make this package deal your next project or enjoy collecting all the cash flow as is!

This 2 family home sits on a 25 x 100 ft lot immediately abutting an identical sized vacant 25 x 100 ft lot with a detached 4 car garage situated at the rear of the property. Enter the home through the welcoming front porch where you’ll find a stairway to your left leading to the second floor apartment and a hallway to your right leading to the 1st floor apartment. Your 1st floor unit is a 2 bedroom/1 bathroom with an eat in kitchen, separate living area and direct backyard access. This unit is currently leased on a month to month basis for $2,300/month.

Your 2nd floor unit is a 2.5 bedroom/1 bathroom with a floorplan that almost mirrors the 1st floor but for the half bedroom which can be entered via the primary bedroom or hallway entrance (this half bedroom can also be used as a den, study or office). Both primary bedrooms in each apartment are oversized and can easily fit a king sized bed with a full bedroom set. This apartment also has exclusive attic storage access. This unit is currently vacant but was previously leased for $2,500/month. Move in today or get your next tenant!

The vacant lot next door, zoned R4-1, can be your next project to build a fantastic multifamily home! Currently, 2 commercial vehicles pay to park on this lot, plus each of the 4 car garages is rented to storage tenants (all month to month). The total monthly income for these occupants is $1,200/month.

This package deal property is right off of Atlantic Avenue and only a couple of blocks away from Rockaway Boulevard, putting you in a prime location to have all your essential needs met where grocery stores, laundry, shopping, restaurants and more are all situated nearby!

Building: 20 x 40 ft
Lot: 50 x 100 ft
Zoning: R4-1
FAR: 0.57; Max FAR: 1.5
Taxes: $8,111/Yr

Great Investment/Development Opportunity!