Studio house for sale

Overview

Photos & Floor Plan coming soon. 315 East 51st Street is a unique 7-unit income producing investment property. The property currently consists of a total of six (6) free market rental units, with one (1) stabilized unit. Several units have been recently renovated and others are meticulously well-maintained. Excellent midtown location surrounded by beautiful townhouses. The main house is comprised of a ground floor duplex 3-bed/2-bath unit, along with a spacious north facing Garden. The second and third floor's both have one (1) bedrooms respectively. The apartments feature spacious bedrooms. The top floor penthouse duplex features updated finishes, 2 bedrooms, washer/dryer in unit, soaring double height ceilings with a breathtaking skylight. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals or convert to a grand single family residence. This property is an ideal turn-key opportunity for those seeking to live with income in an immaculate garden duplex with a large north-facing garden. Specifications: Stories: 5 Building Sq. Ft.: 5,760 Sq. Ft. Building Width: 18.75 Ft. Building Depth: 60 Ft. Lot Width: 18.75 Ft. Lot Depth: 100.42 Ft. Annual Taxes: $89,691 Current rent roll: $246,462 Several units are below market rent from Covid which can be raised at renewal. All showings are by appointment only require advance notice for access.



Ref: 36508-22708462