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Home For Sale

Picture of Home For Sale in Richmond Hill, New York, United States

$1,500,000

63 Titus Ave
Richmond Hill, New York, United States

8bd 5ba

Listed By: Realtyww Info

Listed On: 05/13/2023

Listing ID: GL10543629 View More Details

Description

Four family building for sale in convenient New Dorp. The building is two levels with finished basement sitting on a 62 ft X133 ft lot. The property also comes with 4 parking spaces at the rear, a nice front porch and also a backyard. The first floor and basement have 2 units as duplex apartments with 2 bedrooms and 2 baths.The second floor has 2 apartments with 1 bedroom each. All meters are separated so tenants pay for their own utilities. The Total Gross rental income for the building is $117, 600 and the expenses include $24, 000 annual property tax, $3, 000 annual water and sewage bill, and also $3000 of building insurance. The return for investment is 7% for this building and all units are occupied with excellent tenants who are paying market rent. The building can also be purchased together with 65 Titus Avenue, the building next door as a package deal. It is an identical building with the same apartments layout and the same income.

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Listed by: Coldwell Banker Reliable Real Estate
Source: The World Property Journal

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