Listing Courtesy of: Melsa Skrapalliu - RJM Realty Empire Inc.
718-568-2256
$1,250,000
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366 Union Ave Staten Island, NY 10303
Fourplex
Residence
10
Beds
6
Baths
...
Bed/Bath
5,000
Sq. Ft.
Property Activity
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This property, located just off Forest Avenue with convenient access to transportation and public commuting options, offers a unique investment package. Comprising three lots—Lot 293 &(92) housing two sets of semi-attached homes and Lot 93 owned under the association—this deal spans nearly 7,000 sq.... ft. across four stories. The two sets of semi-attached homes are being sold as a package for 1,250,000 Dollars . All tenants are currently on month-to-month leases, providing flexibility for potential rent adjustments. Current rents are below market value, with units generating 2,300, 2,400, 2,300, and 2,200 Dollars monthly. Each unit has its own heating system and central air, with tenants responsible for their own electric and gas. This property offers significant room for income growth, whether through market-rate rent adjustments or property improvements. This is a rare opportunity to acquire a well-located property with strong upside potential in a high-demand area.
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MLS#
2500181
Property Type
Fourplex
Bedrooms
10
Bathrooms
6 Full
Year Built
2008
Square Feet
5,000
sq. ft
Price per Sq. Ft.
$250.00
Lot Size
0.07
Sewer
City Sewer
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