About 310-312 Hillside Avenue
310-312 Hillside Avenue showcases a newly constructed four-family residence completed in 2018. Located on a 50x100 lot, this property is fully occupied with dependable tenants, including those under City pfeps and Section 8 programs. It generates a significant rental income, offering a capitalization rate of approximately 7.5-8%. The first-floor units are comprised of two bedrooms and one bathroom each, innovatively designed as duplexes with a connection to a finished basement. These lower levels feature egress windows and separate rear entrances. The second-floor units offer three bedrooms and one bathroom each, with a mirrored layout on each side of the building. Residents of the first floor have access to a large shared backyard. Up-to-date essentials such as plumbing, electrical systems, and utility rooms ensure low operating expenses. This property represents an attractive investment opportunity. It will be sold with tenants in place, offering flexibility in lease extensions or terminations. All tenants are cooperative and maintain good standing. Income $112,975.00 Approx Operating expenses - $20k/yr Approx Net income - $90K
