If you are looking for a home which can also provide additional rental income or a well maintained property with paying tenants, this oversize six 6 family semi -detached brick building represents an excellent investment opportunity. Built 20.5' x 80' on a 30.33' x 100' lot, this property is currently configured as 2 one bedroom units on the ground floor and 4 two bedroom apartments on the 2nd and 3rd floors. Added bonus of a shared driveway and garage in the rear. Conveniently located close to shopping and restaurants at Gateway Mall and New Lots Avenue. Easy access to the #3 train at Van Siclen Avenue and the B15 & B83 buses. Showings by appointment only - please do not disturb the current occupants.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more