3903 7th Avenue

Description

Prime NEWLY RENOVATED, TURNKEY MIXED-USE PROPERTY located in the heart of Sunset Park, offering stable commercial income and residential living. The BRICK HOUSE underwent a GUT RENOVATION IN 2017. The first-floor retail space is currently leased at $3,100 per month with a 3% annual rent increase, ensuring steady cash flow from day one. Projected rental income totals approximately $8,500 per month ($102,000 annually), with the first floor"including basement storage"estimated at $4,000/month, and the second-floor unit projected at $4,500/month. Excellent potential for strong cap rate return.The second floor features a bright and spacious 5-bedroom, 2-full bath, and one-half bath apartment with an open-concept living room and kitchen"ideal for owner-occupancy or generating additional rental income.The basement has convenient front and rear entrances and includes a half bathroom, offering flexible options for storage or other uses. Each unit is equipped with separate boilers, hot water heaters, and tenants are responsible for their own utilities, ensuring lower operating costs.This well-maintained, move-in-ready property presents an exceptional investment opportunity in a high-demand location. Dont miss out on this rare chance! Schedule a private showing today to secure both future appreciation and stable returns.