69 Myrtle Avenue

Description

EASY TO SEE, Excellent Investment Opportunity or Ideal for End-Users! Perfect paying long-time tenants Current income of $5,800/month, with the owner only responsible for taxes and cold water. Future income potential is even higher. This property boasts a 5.5% Cap Rate, making it one of the best legal two-family investment properties at its price point. Building size: 27X47 +. Interior living sq. ft. space: approx. 2,353 Plus 1,000 sq. ft. finished basement with a permitted three-piece bathroom. The spacious first-floor apartment offers approximately 1,250 sq. ft. of living space, including large rooms. It features a living room, formal dining room, huge eat-in kitchen, primary bedroom with an en suite bath, two additional bedrooms, and a full bath. The second-floor apartment is impressively large, offering ample space and endless possibilities. The finished basement has high ceilings (around 8') and a separate exterior entrance via a wide side staircase. It has its own heating zone and baseboard heat. There is an existing full bath, "permitted. " Perfect for investors, 1031 exchange buyers, or end-users looking to live in one unit and rent out the other. Conveniently located near bus transportation and just a few blocks from the new Post Avenue LIRR Stationonly 41 minutes to Penn Station or Grand Central Station. Walk to diverse shopping, dining, and more. Excellent appearance Separate hot boilers and domestic water heaters for each unit