High Cash Flow Rental Opportunity with Equity in Nassau County, NY

[Daniel Lau]

Property Address:  Hendrickson Avenue, Elmont, NY 11003

 

ARV:                       $165,000

Asking Price:          $120,000 (only cash offer) 

Estimated Rep:        NONE

Potential Equity:     $45,000

 

This is a turnkey property and it’s a cash cow.  Current tenant has been living happily at the location for the past 3 years. It is a great investment for someone who wants to sit back and collect rental checks.  

 

The monthly rental income is about $1,800. Tenant pays for all utilities including water, electricity, and fuel.  The property is well maintained and the tenant’s lease doesn’t expire until May 2012. 

 

Please DO NOT visit the property and disturb the tenant.  Appointments only to view the property.

 

Based on our comparables, this property can easily sell for $165,000.

 

The buyer may extend the rear and the second floor of the house to increase the size of the living space by at least 400 square feet. A larger rehab project can also be done since the property is zoned for a triplex.

 

Please contact us at 347-878-1359 for more details.