4 Family investment property in heart of New Brighton. Walking distance to Snug Harbor Cultural Center & 7 minute ride via bus to the SI Ferry, Empire Outlets. The income is excellent for a current 4.5% return. Potential for higher cap rate of 6.7% and good long-term hold since the area is positive for rentals, due to the affordability & proximity to Manhattan. 2 car detached garage, all separate utilities. Not a multiple dwelling so rents are not protected by RSA. Please no showings (since tenant occupied) unless a written offer based on I&E and proof of funds are provided. See Actual & proposed Income & Expense breakdown or call to discuss further.
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