investors Dream

  • House
    3379 ft2
    bedroom 0 Bedrooms
    bathroom 0 Baths
  • Flip
    $1,790,000
    Status : Available
    Year Built : 1910
 Description
Gutted SRO Brownstone on a picture perfect block ready for your finishes! **Has a certificate of non-harassment** Sizing up at 17 x 67, this piece of a Harlem includes a 15-foot extension, making it one of the larger homes on the block. The building can be converted into a 3 family with an owner's garden duplex on the ground level and 2/3 bedroom on the top floors. Prime Central Harlem location One of the top 5 fastest growing up neighborhoods in NYC with plenty more room to grow, Harlem is still a place with a real community spirit embodied in the museums and music venues, which celebrate its heritage. Yet modern-day Harlem is becoming an increasingly diverse place with many people attracted by its historic properties and the opening of new bars and restaurants in the area. In addition, the A, B, C and D trains all stop at 125th street making commuting to the rest of the city easy.
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Open Floor Plan
  • Paint Interior
  • Roof
  • Yard
 General Amenities
 Distance
  • Bus : 5 Minutes
  • Cafe : 3 Minutes
  • Hospital : 15 Minutes
  • Playground : 10 Minutes
  • Police : 15 Minutes
  • Train : 5 Minutes
Image Gallery

 Summary

Overview
investors Dream Flip
$1,790,000
Property ID: NY190594880
Address: Login to View
City: Harlem
State/Province: NY
Zip Code: 10027
Country: USA


Flip Analysis

+ Purchase Price: $1,790,000
+ Purchase Closing Cost: $53,700
+ Rehab Cost: $300,000
Total Acquisition Cost: $2,143,700


+ Selling closing cost: $96,606
+ Agent Commision : $96,606
Total Holding Cost: $193,211


Total Flip Cost: $2,336,911
Projected ARV: $3,220,187
Net Income (Profit): $883,276
CAP Rate: 37.8%

 Message

3 X 6 = ?