280 Rutland Rd - Prospect-Lefferts Gardens, New York
Live and invest in Brooklyn's hot "next neighborhood,? Prospect Lefferts Gardens, with this newly renovated and well maintained large detached 3 family home on a quiet tree-lined street. Delivered vacant, this house provides the savvy owner and/or investor with many options for living and investing. Each floor is approximately 1050 SF; the upper floors are set up as 4 bedrooms, the 1st floor has 3 bedrooms. The area rent for these floors is approximately $3000/month. As an owner, take two floors and still have a great income producing rental. There is a back staircase that leads to both the basement and backyard, with shared access available to each. The stand-up basement has a washer/dryer hook up and provides great storage opportunities and potential studio space (there are small windows up throughout that provide light and air). The building is a 22.5' x 50' and sits on an impressive 30' x100' lot, which gives the property an additional 4000 SF of FAR for potential expansion. 280 Rutland Road is two blocks away from Flatbush Avenue with abundant access to supermarkets, cafes, pharmacies and shopping. Transportation is a snap with 2/5 and B/Q just blocks away. Prospect Park is Just 2.5 blocks away. Investors, this property has a CAP RATE of 5.3% in a growing rental market with enormous upside potential.
This listing courtesy of Douglas Elliman