Property Description

Welcome to this well-positioned six-family property offering an excellent opportunity for investors, owner-occupants, or buyers looking for a property with strong income potential. Each apartment features a spacious two-bedroom layout with a separate dining area, generous storage, hardwood floors, high ceilings, abundant natural light, updated kitchens, and improved bathrooms. The property also offers a detached two-car garage, driveway parking, and a fenced rear yard providing useful outdoor space. The building is rent stabilized and currently generates approximately $126,000 in annual income, with reported expenses of approximately $36,000. One apartment is currently vacant, providing flexibility for a new owner and the opportunity to utilize the unit according to applicable regulations. A full basement provides additional space and potential for future use, subject to required approvals. Located less than a half-mile from the Ludlow Metro-North Station, the property offers convenient access to Manhattan, as well as nearby bus service, shopping, restaurants, and recreation. With six residential units, parking, outdoor space, a commuter-friendly location, and one vacant apartment, this property offers a unique opportunity for both those seeking income-producing real estate and buyers looking for a property with additional possibilities.

Property Features

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