617 W 142nd St, New York, NY, 10031

About This Home

**Huge Upside Opportunity- High End Gut Renovated 3 Unit Multifamily on Hamilton Height's Best Block** Fully Occupied with Lease Expirations This Year- 5-6% Cap Rate Projection with New Market Rents This Architectural Masterpiece features 3 Ultra Modern Rental Units, featuring Washer/Dryers, Split HVAC Central Air, and Stainless Steel Condo Grade Finishes. Each Unit Features Outdoor Space- Ground Level has a Huge Backyard, 2 Upper Units feature Balconies. #1- 4 Bed/3.5 Bath. Current Rent- $5000/month Projected Monthly Rent: $6500 #2- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month Projected Monthly Rent: $3800 Potential to Convert to 3 Bedroom: $4200 #3- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month Projected Monthly Rent: $3800 Potential to Convert to 3 Bedroom: $4200 Current Annual: $136,800 Projected Annual as is: $169,200 Projected Annual with Conversions: $178,800 Low Monthly Taxes and Maintenance Costs. Tenants Pay for Electricity, only Water covered by Owner.