Back Yard
Three-Family Townhouse For Sale!
Welcome home to this amazing investment opportunity. This classic townhouse is located on a quiet and picturesque tree-lined street. This well-maintained home is 18.75’ x 43’ and has approximately 3,224 square feet of space, not including a well-maintained cellar. The building is sitting on a 18.75’ x 99’ lot. The building has three free-market apartments, with all leases ending in the summer 2022, so it can be delivered vacant.
Apartment one is a grand duplex in which the main living area is on the parlor level. It features oversized windows, soaring ceilings, and exposed brick and its spacious layout has plenty of room for entertaining and dining. Adjacent to the living room is the large kitchen, which has ample storage space, and stainless steel appliances, including a dishwasher. This level also has a small bedroom or home office and a half bathroom. The garden level of apartment 1 features an oversized front facing bedroom with access to the lower front entrance as well as great closet space. The third bedroom is also generously sized and is south facing onto the garden. Between the two bedrooms is a large full bathroom as well as a washer / dryer utility closet. Apartment 1 also boasts a large, private backyard, ready for the next resident with a green thumb to make it their own.
Apartment two is a spacious floor-through one bedroom with northern and southern exposures. It features an ample living and dining room and its kitchen has a stainless steel fridge, full sized stove, and nice cabinet space. The bathroom down the hall has a full sized soaking tub and the massive bedroom has sun-filled southern exposure overlooking the back garden.
Apartment three is the same footprint as apartment two, but has been converted to a two bedroom in the southern wing of the home. This top floor unit has the same living room and kitchen layout as well as a nice bathroom with updated vanity. It also boasts a stackable washer and dryer as well as two bedrooms that face south looking at the garden in the back.
This is an amazing opportunity for an investor or owner/investor to have their own piece of bustling Harlem. This home is around the corner from local favorites like Red Rooster and Sylvia’s as well as easy access to the 2/3 express subway and the fantastic Whole Foods Market!
CURRENT ANNUAL RENT ROLL:
APT 1- $53,640.00
APT 2- $26,340.00
APT 3- $34,800
TOTAL: $114,780.00
NOI ~$93,522.96
