333 Rutland Road, New York City, NY 11225

This three-family townhouse was built less than 20 years ago. It has very low expenses, and a good rent roll with room to grow. Located adjacent to Lefferts Manor known for its well preserved historic, all single families. In an area that has a shortage of rentals, these three units are highly desirable apartments One lucky person even gets a parking spot.

For the Owner: Duplex the first floor with the basement, have 2,000 SF of living space plus a full garden and parking. Rental income from the two units above could pay your overhead essentially living for free.

For the Investor: Offers immediate rental income and holds potential for future development. There is additional FAR to build more on the lot; the full-height basement could become valuable living space. Perfect for a 1031 exchange,

Recent Renovations: The top two apartments have updated kitchens and bathrooms, each with three bedrooms and two bathrooms and a balcony. The first-floor apartment is a two-bed, two-bath. Mechanicals are in the basement with each unit separately metered for heat, cooking and electric, keeping carrying costs low. The basement has high ceilings and currently provides storage rooms for each unit, laundry facilities, and direct access to the garden.

Location Benefits: Quiet, tree-lined community that has excellent access to subways and buses. Highly desirable neighborhood adjoining the eastern side of Prospect Park. Close to the Botanic Gardens and Brooklyn Museum with a good selection of loved restaurants like Camillo nearby.

For more details, including rent roll/expenses, please contact the listing agent. See video for more insight.