218 East 111th Street Upper Manhattan Townhouse For Sale
- $1,495,000
Alta Real Estate presents 218 East 111th Street.
This well maintained 25" wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and residents pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. Current income minus expenses is 2X the return from buying a similar one unit apartment. This well priced asset is an incredible opportunity to own 8 units for the price of one with fantastic longterm upside for generations to come
- Ownership Type: Income Property
Listing courtesy of ALTA Real Estate
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The Building
- Building Type: Townhouse
- Doorman: No
The Neighborhood
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