461 MILFORD Street
Brooklyn, NY 11208

The property is currently being rented, but it can be delivered vacant in July 2024. A great opportunity to own a turnkey investment or a primary residence with an income-producing rental in booming East New York. This semi-detached legal two-family home was fully renovated in 2019 and offers smart layouts and quality finishes throughout. The first-floor apartment is a spacious 3-bedroom, 2-bathroom unit with a large living room, high ceilings, and access to a private backyard and a finished basement. The finished basement features a full-sized windowed bathroom and has access to the backyard, making it an ideal space for additional recreation, a gym, or an office. The second-floor unit is a 3-bedroom, 2-bathroom apartment with high ceilings and a skylight. Currently rented to a great tenant, enjoy the rental income that will assist with mortgage payments. Each unit has separate boilers and water heaters, allowing each apartment to pay for its own heating. The property is located on a residential tree-lined street providing easy access to public transportation, including the A train to Euclid Avenue and the 2, 3, and 4 trains at New Lots Avenue. If both apartments are rented at market value, the investor can enjoy a 6.3% CAP RATE.