This is a rare financial opportunity to rip a 6.7% cap return with room for improvement! This is two newly renovated 2 Family homes in the most convenient part of Staten Island. This area is very attractive for renters with less than a block walk to Father Capodonna Blvd for Manhattan express buses, one-stop before Manhattan-bound, and local buses... Walk to stores, restaurants, and beach with summertime concerts, fairs, and firework displays every Wednesday. Tenants pay their own utilities except for water.Gross Yearly income $72,000 - Operating Exp $11,978=NOI $60,022 6.7% cap Net income after debt service with 20% down 4.5% rate net income $1,959 per month
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