272 148th Street
Solid investment opportunity with strong in-place cash flow and upside potential. Legal 4-unit building with the ability to convert to a 6-unit by completing the basement studios. Currently generating approximately $4,000/month in gross income, with additional upside once the vacant unit is rented and basement units are completed. All leases include a 30-day vacancy clause upon sale. Major CapEx items have already been completed; remaining work is primarily cosmetic. Property features separate, newer high-efficiency furnaces and hot water heaters for each unit, separate electric panels and gas meters, newer windows, and a roof and gutters approximately 2 years old. Laundry located in the basement. Configuration consists of 1 bed / 1 bath units. Five units are currently occupied: Ideal value-add opportunity for investors seeking stable cash flow with future upside.
- The Torta Spot 850 ft
- Subway 900 ft
- Popeyes 950 ft
- Beggars Pizza 0.4 mi
- McDonald's 0.6 mi
- JJ Fish and Chicken 1.1 mi
- Clark's Pump-N-Shop 850 ft
- Citgo 0.6 mi
- Marathon 1.0 mi
- Fast Line Food & Tobacco 1.0 mi
- Citgo 1.0 mi
- Citgo 1.0 mi
- Harmon Park 950 ft
- Lexington Park 0.5 mi
- Calumet Park 0.6 mi
- Johnnie M. Lane Park and Playground 0.7 mi
- Riverside Park 0.7 mi
- Town & Country Park 0.8 mi
- Dunkin' 0.6 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12556735