![[Port Richmond Real Estate, listing number 3346423]](https://www.vlshomes.com/images/full/3346423a.jpg)
| Description: 3346423 | |
| Exceptional Investment Opportunity - Port Richmond Detached six-family income-producing building in the heart of Port Richmond featuring 12 bedrooms, 7 bathrooms, a basement storage area, on-site property manager`s quarters, and 4 off street parking spaces. A standout investment with a strong 8% cap rate, excellent rent roll, and an ideal opportunity for investors or a 1031 exchange buyer. GOI 176,400, AOE $22,000, NOI $150,000. Built in 1987, the property is exempt from New York City`s Rent Stabilization Law and Lead Paint Law. Recent improvements include updated plumbing and electric systems. Tenants pay their own heat and hot water, helping reduce owner expenses. Additional features: Gas piping inspection completed in 2025 (required every 3 years). Current bed bug filing submitted. No HPD or Department of Buildings violations. 24 Hour Security. Well-maintained, turnkey investment property offering strong cash flow in a desirable Port Richmond location. | |
Details: |
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| Families: | 6 | |
| Bedrooms: | 12 | |
| Bathrooms: | 7 | |
| Property Type: | Multi-Family | |
| Built: | 1987 | |
Financials: |
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| Price: | $1,950,000 | |
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