705 Schenck Avenue, East New York, Brooklyn

5 hours since last update

$859,000

SALE
House
14 Rooms
6 Beds
5 Baths
1785 ft2
  • Days on market:
    20 days
  • Down payment:
    N/A
  • Sale type:
    Resale
  • Assessment:
    N/A
  • Exposure:
    None
1 agent from
Keller Williams NYC
1 agent from Keller Williams NYC

Description

We can arrange direct showings for serious buyers. Walkthrough video: https://youtu.be/TEo2oxkfw9wTurnkey investment with an above average 7% cap rate, or make this your home and earn rental income.Move-in ready, two-family home. 3 bed/2 bath over a 3 bed/3 bath duplex, totaling 1785 usable SF. This is a 17' x 35' freestanding house on a 20' x 100' lot with 1,380 SF unused FAR. The home was fully gutted in 2017 including new plumbing, heating, roofing, and electrical. Both units feature modern kitchens and bathrooms, large closets, bamboo hardwood flooring,and recessed lighting. The finished basement has two private entrances and full bath. When you want to grill or garden, enjoy another 800 SF of outdoor space; have your choice of the garden patio, fenced backyard or balcony with French doors.With these low taxes, record-low mortgage rates, and a high demand of rentals, this is a low-risk & high-return purchase. Investors: enjoy $64,000 in immediate rental income for a 7% cap rate. Owner-occupants: move right in to your apartment of choice and offset your mortgage with rental income.Unit 2 is vacant and move-in ready. Unit 1 lease ends July 2020.East New York is a thriving market, and this property is conveniently situated in the middle of its best. Reach Manhattan in 30 minutes, after just 5 minutes to the3 subway or further to the L. For a nature-loving day, drive 10 minutes to the new 407-acre Shirley Chisholm State Park or any of the other parks and piers. On the way, stop at the Gateway Center mega-plaza for shopping & restaurant (calling Target lovers!). Or there are grocery stores, schools and parks around the block. Need a vacation? JFK Airport is 15 minutes away. This area is appreciating quickly.Contact agent today for private & virtual tours, and more information. KW240557
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Amenities

Listing amenities

  • Dishwasher
  • Balcony
  • Private Outdoor Space
  • Renovated
  • Multi-level

Location

Transportation

Van Siclen Ave & Livonia Ave
3
Ashford St & Livonia Ave
3

Schools

  • East New York Family Academy Secondary School
  • Van Siclen Community Middle School Junior High-Intermediate-Middle
  • P.S. 36 K-12 all grades
  • The Uft Charter School High school
  • Imagine Me Leadership Charter School Elementary
  • Achievement First Linden Elementary School Elementary

City bike

There are no bike stations in the vicinity of 0.25 miles

Price history

  • 03/22/2020 - $859,000

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