Turnkey Multifamily Unit (400k in Equity!)

831 Bushwick Ave, Brooklyn, NY 11221

$2,000,000 After Repair Value -
$1,600,000 Asking Price -
$0 Cost of Repairs =
$400,000 Potential Profit

Property Details

Asking Price $1,600,000

After Repair Value $2,000,000

Costs of Repairs $0

Potential Profit $400,000

Living Area N/A

Property Type Multi-Family

Bedrooms 6

Bathrooms 4

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Multifamily Unit (3 family) in HOT Brooklyn neighborhood
4 floors total- 6 bedrooms, 4 bathrooms.
Completely turn key! No repairs needed.
Can be converted to a 4 family. And its been approved to add a 5th floor and turn it into a 5 unit building which would value the building at over 2.5 mil.
ARV: $2 mil
Asking Price: $1.55 mil. Nearly 500k in equity!
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