2 Family convertible to 8 Apartments! 300K below Market, Cash buyers only!

1327 Prospect Pl, Brooklyn, NY 11213

$1,200,000 After Repair Value -
$900,000 Asking Price -
$50,000 Cost of Repairs =
$250,000 Potential Profit

Property Details

Asking Price $900,000

After Repair Value $1,200,000

Costs of Repairs $50,000

Potential Profit $250,000

Living Area 3200 ft2

Property Type Multi-Family

Bedrooms 0

Bathrooms 3

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

Located in Crown Heights section of Brooklyn is this stunning brick townhouse that offers any investor an attractive opportunity to improve upon this 20 × 127ft lot. With the available build able of around 5580 sq ft., one can do something similar to the eight family building next door that will allow for a very handsome monthly cash flow, and great return on investment. There is a possibility that building can be delivered vacant. The two tenants are month to month, and have been made aware that the building is being placed up for sale.

Repairs Needed

Correct Violations as it is legally a 2 family but has 3 apartments. OR gut and turn into 8 apartments like the developer next door.

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