Real Estate - Garima Verma - LUXIAN INTERNATIONAL REALTY

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Located at the dynamic intersection of Hudson Avenue and 35th Street, you'll find a remarkable mixed-use building, 3501, that presents a thrilling real estate opportunity. This property encompasses a total of 13 fully rented units, including a versatile commercial store. It offers the perfect blend of residential and retail spaces, harnessing the power of diversity.

With 9 two-bedroom, 1-bath apartments and 3 three-bedroom, 1-bath units, your investment portfolio gains both versatility and stability. The presence of a separate detached commercial space further diversifies your income streams, making it an enticing prospect for investors seeking growth and security.

The numbers speak volumes: a competitive list price of $1,796,000, a Net Operating Income (NOI) of $117,162, and an impressive Capitalization Rate (CAP RATE) of 6.75%. This makes it a recipe for success in the world of real estate investments.

Adding to the attraction, tenants are responsible for their electric and cooking gas bills, thanks to separate meters in the basement. The owner takes care of the essential heat and hot water services, provided by a large furnace and two water heaters in the basement.

This opportunity extends beyond a simple investment; it's a chance to embrace growth, stability, and income diversity.

Secure your future and explore the potential within this remarkable property today. Your financial success story begins right here, at the crossroads of opportunity.

PROPERTY HIGHLIGHTS

Versatile Investment Gem

At the vibrant junction of Hudson Avenue and 35th Street stands a remarkable mixed-use treasure, 3501, brimming with exciting real estate potential. This property hosts a total of 13 fully occupied units, including a versatile commercial space, striking a harmonious balance between residential and retail areas. With 9 two-bedroom and 3 three-bedroom apartments, it ensures diversity and stability in your investment portfolio. The separate detached commercial unit amplifies income streams, making it a compelling opportunity for investors in search of growth and financial security.

Impressive Property Features

The numbers here are telling a compelling story: an enticing list price of $1,796,000, backed by a substantial Net Operating Income (NOI) of $117,162 and an impressive Capitalization Rate (CAP RATE) of 6.75%. This spells out a winning formula for success in the realm of real estate investments.

Adding to the allure, tenants are individually responsible for their electricity and cooking gas costs, facilitated by separate meters located in the basement. The property owner efficiently manages the critical heat and hot water services, provided through a substantial furnace and two water heaters situated in the basement.

Diverse Income Opportunity

Beyond being a mere investment, this opportunity is your gateway to a unique path that promises growth, unwavering stability, and the diverse streams of income. Today, seize the chance to uncover the untapped potential concealed within this extraordinary property. Your voyage toward financial triumph initiates right here, at the dynamic crossroads of opportunity. Don't allow this pivotal moment to elude you; it is your portal to a future brimming with prosperity and brilliance.Don't miss the chance to explore this dynamic property at the heart of opportunity.