For Sale
For Sale
$1,799,000
420 East 117th Street, East Harlem, NY 10035
This exceptional four-story townhouse in Manhattan offers an outstanding investment opportunity for those seeking a steady, profitable rental income. Comprising four two-bedroom units, this property is priced attractively and is FHA eligible, providing potential buyers with the advantage of a low down payment and reduced closing costs.
Each apartment is fully self-contained with its own boiler, electric meter, and gas meter, allowing tenants to cover their utility costs independently. Additionally, a laundry room in the cellar adds extra convenience for tenants and presents a possible income stream for the owner.
Located in a highly sought-after neighborhood, this property is surrounded by a vibrant art and culinary scene, offering countless entertainment and dining options. It’s also just a short walk from major shopping hubs like East River Plaza, which features popular retailers such as Target, Planet Fitness, Aldi, and Costco.
The recent rezoning and growing investment in the area further enhance this townhouse’s appeal. With well-maintained units, updated appliances, regular boiler maintenance, and updated hot water heaters, this property stands out as a rare find in a rapidly developing neighborhood.
Don’t miss the opportunity to invest in this lucrative and well-positioned property. Contact us today to arrange a viewing!
8 Beds
5 Baths
Total Bedrooms | 8 |
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Total Bathrooms | 5 |
Full Bathrooms | 5 |
Status | For Sale |
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Type | Multi-Family |
Year Built | 1890 |
Neighborhood | East Harlem |
SALES PRICE | $1,799,000 |
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Licensed Associate Real Estate Broker
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It has become a cultural haven, from its title as the birthplace of the salsa and the graffiti movements.
Our team is passionate about real estate, and is a valuable resource for real estate knowledge and guidance. We look forward to working with you!
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