461 Milford St

Contract signed! Presenting an exceptional opportunity to acquire a turnkey investment or a primary residence with an income-generating rental in the thriving East New York neighborhood. This semi detached, legally zoned two-family home was completely rebuilt in 2019, showcasing intelligent layouts and high-quality finishes throughout. The second-floor unit is a bright and airy 3-bedroom, 2-bathroom apartment featuring high ceilings and a skylight. It is currently occupied by a reliable tenant on a month-to-month lease. The first-floor apartment offers a spacious 3-bedroom, 2-bathroom layout with a generous living room, high ceilings, and access to a finished basement as well as a large 30 x 22 feet private backyard. The finished basement includes a full-sized windowed bathroom and direct access to the backyard, making it an ideal space for recreation, a home gym, or a home office. Each unit is equipped with separate boilers and water heaters, allowing for independent heating expenses. 461 Milford street is situated on a nice residential tree-lined street, provides convenient access to public transportation, including the A train at Euclid Avenue and the 2, 3, and 4 trains at New Lots Avenue. With both apartments yielding a 7% CAP rate, this property represents a solid turnkey investment. One of the apartments can be delivered vacant, offering the owner the flexibility to occupy it while receiving market rent from the other unit, covering approximately 80 percent of your monthly mortgage payments.