Four Stupendous Simplexes: A Worthy Investment
Whether you're looking for a place to live & rent or for an investment property with the potential for an amazing return, 109 Albany Avenue is it. This recently renovated 4-unit townhome with updated electric, plumbing, mechanicals, and a new roof is move-in ready--and ready to start generating income.
This townhome consists of three 2-Bed, 1-Bath units and one 3-Bed, 1-Bath unit. Each of the floor-through four units was designed to provide generous living spaces with windowed galley kitchens that have plenty of counter space, storage, beautiful backsplashes, and excellent appliances. The primary bedrooms in each unit are sizeable and can fit king-size beds; the third bedroom in Unit 4 can fit a twin bed, bunkbed, or would be perfect for a home office. The baths are modern, have spa-like aesthetics, and speak to the taste of the discerning renter/buyer. Units 1 and 2 will provide this owner with opportunities to command competitive rents; as both units have outdoor space with access from the kitchen to the garden. Unit 1 is also connected to the cellar, so it can be used as storage or finished to become a duplex. There is also the potential for this home's next owner to connect Units 1 and 2 to create a dynamic duplex or palatial triplex. The possibilities for this residence are endless. Bring your imagination and you will surely usher this location to its fullest potential.
109 Albany is conveniently located, with plenty of amazing amenities, restaurants, and shops just a stone’s throw away in every direction. Its’ proximity to Bedford Stuyvesant, Bushwick, Flatbush, and Downtown Brooklyn means you have more than enough sites and treats within a short radius to keep you and/or your tenants busy and happy year-round. With the A/C/LIRR trains in one direction, the 3/ 4 trains in the other, and plenty buses, getting everywhere is a breeze. It’s also worth mentioning that getting to JFK is a painless trip straight down Atlantic Avenue. Everything you could ever desire is here and near. Your search is over. Find your Sweet Spot.
Notable Features: Dishwasher, Floors - hardwood, Great closet space, Light - excellent, Modern kitchen, Windows - new, Windows – oversized
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Building Features 4 Floors4 Units


Unit Features

Exposures: East, West
Pet Policy: No pets

$1,895,000 / $2,368 per ft²

$100,000  -  86 days ago

Listed on Apr 30, 2021

141 Days on Market

2 Beds / 1.0 Bath / 800 ft²

Total Monthly expenses: $796

Maintenance: - / R.E. Taxes $796

Other Details:

Multi Family (4-6 Family)

Lot Size: 19.33' x 80.0' Built: 19.33' x 40.0'

Zoning: C2-3

Exclusively listed with: The Corcoran Group Source: RLS

Toni Martin


Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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