One Of The Key Factors That Make This Property An Attractive Investment Opportunity Is The Potential For High Returns. The Property's Diverse Income Streams Include Rental Income From The Residential Units And The Laundromat Business. The Laundromat, With Its Three Dozen Machines, Presents A Lucrative Opportunity For Self-employed Entrepreneurs To Generate A Significant Income. The Rental Income From The Residential Units And Garage Further Contribute To The Overall Investment Returns.
In Terms Of Tax Obligations, The Property Offers Favorable Conditions. With A Low Property Tax Of $6691 Per Yearly , Laundromat Rent $3600, Second Store $1200 , Second Floor Three Bedrooms Rent $1800; Top Floor $2300 ; And Additional $600 For The Garages , It Is Private Three Car Garages, Near By Q Subway Station, Transportation Convenience Is Guaranteed, Making It Easier For Residents And Potential Customers To Access The Property. It Is Close Proximity To Brooklyn College And A Shopping Mall Enhances Its Attractiveness To Potential Tenants And Customers. The Convenience Offered By Nearby Educational Institutions And Shopping Centers Increases The Likelihood Of A Steady Rental Income And Customer Base, Presents A Lucrative Opportunity For Self-employed Entrepreneurs Seeking High Investment Returns. Its Will Diverse You Income Streams, Including The Laundromat Business And Residential Rentals, Investors Can Expect Substantial Financial Gains.
Listing information provided courtesy of the Brooklyn MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd September, 2023 5:58 AM (UTC)