Alta Real Estate presents 218 East 111th Street.This well maintained 25' wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases.The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25' 60 ' and has a private 1,000 sf backyard.Great Investment opportunity with super low property taxes and a stable tenant base. Setup available upon request.
PRCH-7713744
Residential - Condo, Townhouse, 3+ Story, Townhouse
16
8 Full
1910
NewYork
0.058
Acres
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
Loading...
Loading...