Windsor Terrace 5 Family+ For Sale

Great Investment Opportunity for Owner Occupied or Investor. This well maintained 5 Family and Store Brick Building is coded S5 Multi-Use. It includes a well designed renovated Store/Studio with 10' high ceilings with excellent lighting throughout which is ready for a retail business on well exposed Fort Hamilton Parkway (between Prospect Park and the Greenwood Cemetery) in a nice family oriented community of Windsor Terrace. This turn key investment has (all decontrolled apartments) and is privately gated with an intercom system. All leased apartments include last months rent and security. Property is 20 X 100, Building is 20' X 80' with additional 20' X 20' courtyard with many possibilities. All units upgraded with single well respected tenants resulting in low heating and water bill. Owner takes pride in this well kept Brick Building with many upgrades over 17 years. Building is priced to sell at a firm 12X RR, which is below market. All units leased with option of store to occupy or rent at 2k included with RR). Breakdown: RR 100K (expenses 15K with a net of 85K) This is a turn key investment where one tenant manages Cleaning of Halls, Garbage, Recycling, with all enclosed bins for easy management. Just finished (March 2005) 3 bedroom unit with Cherry wood floors and 10' Oak Kitchen Cabinets + wall to wall closets with mirrored sliding doors and fresh paint throughout. Also: (February 2005) New Oak floors throughout in One Bedroom Unit with 10' wall to wall closets and fresh paint. Many other upgrades include: New Hot Water Heater 2005. New Cement work 2004-2005 Courtyard, backyard + basement. New Basement Windows 2005 + Steel Fire coded door. New Water Pump 2005 with a very efficient Weil Mclein Steam Boiler. A Solid Brick Building (1920's) in prime area just two blocks of F Train, then two blocks to beautiful Prospect Park South West near Prospect Expressway in Windsor Terrace. Transportation: F Train 25 minutes Wall Street/45 min. Midtown. Express Bus from NYC stops 2 blocks. B67 bus 5 minutes Park Slope. B12 bus one block. Easy Street Parking. Many convenient stores......New Windsor Terrace Café next door to building with busy Laundromat on other side. Tanning Salon, Gym, Hairdresser, Deli, Library, Three schools etc. all within 1-2 blocks. Building is surrounded by One to Four family homes valued/sold at 500-1MM+. Owner will consider financing with 50% down and 10yr note below Bank Rates. Save thousands on rate, closing, commissions, points, etc. Special Note: Owner will not entertain any agreement with a broker, Principals only please. Note: To view the internals of the building, please forward your Full name, Company Name, complete mailing address and phone number to: aptbyowner@yahoo.com Upon receipt of this information I will be glad to discuss further and schedule a date/time to make the apartments available for your preview. Also, only serious buyers will be entertained. Serious buyers need to describe how they will finance and present either of the following on the scheduled viewing date: Pre-Approval Letter, or a bank statement that displays a balance of 600,000.00 . Any serious offer will require a minimum of 50% down with owner financing. If you are unable to produce any of the aforementioned, please refrain from pursuing this particular investment property.