363 Franklin Avenue
75 days on Market
Key Details
-
Listed: Feb 23, 2024Last Price Change: -8.7% ($190,000) on Apr 30Days on Market: 75Building Type: TownhouseNeighborhood: Clinton Hill (Brooklyn)
Monthly Real Estate Taxes:
$1,128
Total Taxes & Fees:
$1,128
($0.30/ft2)
Est. Monthly Mortgage:
$10,942
Mortgage calculator
Total Est. Monthly Carrying Cost:
$12,070
($3.18/ft2)
Note: the above is based on a down payment of 20% ($399,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Readily Available for Purchase: The property has been listed recently, indicating it's readily available for purchase. This is a great opportunity for those looking to invest in a property with great potential for rental income and a desirable location.
- Spacious and Modern Townhouse: This expansive property, boasting approximately 3,798 square feet of space, is a modern townhouse built in 2009. It is located in the desirable Clinton Hill neighborhood and offers a homely and community-oriented living experience.
- Ample Living Space: The property features over 6 bedrooms and 6 bathrooms, providing ample living space. It also includes a bonus studio space, adding to the versatility and potential uses of the property.
- Potential for Rental Income: The property includes 3 separate apartment units, currently generating a total monthly rental income of $10,225. With all current leases set to expire soon, there is flexibility for new ownership and potential for increased income in the following year.
- Generous Outdoor Space: The property is a 20 by 65 house on a 20 by 100 lot, providing a generous outdoor space. This adds to the appeal of the property, offering plenty of room for outdoor activities and relaxation.
- Affordable Taxes and Fees: The real estate taxes and fees for this property are relatively low for the area, at $1,128 per month. This makes it an affordable option for potential buyers looking for a property in this desirable neighborhood.
Description
BED STUY/ CLINTON HILL 3 FAMILY TOWNHOUSE
LOCATION... LOCATION... LOCATION...
20 BY 65 HOUSE
20 BY 100 LOT SIZE
3 UNITS WITH BONUS STUDIO SPACE
Monthly Rent (Current. All 3 leases expire on July 31, 2024)
1: $3,750
2: $3,025
3.
$3,450 Total Revenue: $10,225 pm ($122,700 annual) RE Taxes: $13,537 (2023/24) Insurance: $3,500 (2023/24) Total Tax + Insurance: $17,037 Total Income: $105,663 Projected Market Rent for (2024/25) 1: $3,900 2: $3,200 3: $3,550 Total: 10,650 pm ($127,800 annual)
$3,450 Total Revenue: $10,225 pm ($122,700 annual) RE Taxes: $13,537 (2023/24) Insurance: $3,500 (2023/24) Total Tax + Insurance: $17,037 Total Income: $105,663 Projected Market Rent for (2024/25) 1: $3,900 2: $3,200 3: $3,550 Total: 10,650 pm ($127,800 annual)
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Listing courtesy of
Compass
Pricing History
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