735 Franklin Avenue, Brooklyn, NY 11238 - SOLD
PURCHASE PRICE: $2,175,000
MONTHLY TAXES: $330
Three-Family Brick Townhouse
Turnkey Investment Property
100% Free-Market Apartments
Located in prime Crown Heights on vibrant Franklin Avenue between Park and Sterling Place, this property offers various possibilities for the investor, developer, and owner-occupier alike. Currently configured as three high-income producing free-market rentals, this home will be delivered fully occupied with tenants in place, making this a completely turnkey investment.
Apartment 1 is a large duplex featuring two full bedrooms, two full bathrooms, a finished rec room, and exclusive access to the backyard. There is a washer/dryer in the unit, and the kitchen is outfitted with stainless appliances, including a dishwasher, stove, and microwave.
Apartments 2 and 3 are both open and bright 2BR 1BA floor-through units. The kitchens contain a full suite of stainless appliances - including stove, dishwasher, and microwave and are open to the living and dining areas. All the bedrooms are bright and quiet, facing the rear of the building. The renovated bathrooms have lovely subway tiling, and both units comes with a washer/dryer and charming exposed brick in the living rooms.
Seize this rare opportunity to own a well-maintained 3-family brick townhouse in the heart of Crown Heights, with an established rent roll and plenty of upside in a renovated and well-maintained building. Crown Heights is a unique gem of a neighborhood where you'll never run out of things to do and see. Take walks in the nearby Brooklyn Botanical Gardens and Prospect Park, browse the artwork at the Brooklyn Museum and indulge in the endless picks of cafes and trendy restaurants all nearby. A quick three blocks to the 2,3,4 and 5 Franklin Avenue Station, easy access to Manhattan and the rest of Brooklyn.