38 Arthur Avenue
Description
3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in the
desirable Arrochar neighborhood of Staten Island. Tenants are operating
below-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, this
property is strategically located near schools, shopping centers, and
transportation, just minutes from the Verrazano Bridge. Tenants will
appreciate...Seize this PRIME investment opportunity with a well-maintained legal
3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in the
desirable Arrochar neighborhood of Staten Island. Tenants are operating
below-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, this
property is strategically located near schools, shopping centers, and
transportation, just minutes from the Verrazano Bridge. Tenants will
appreciate the convenience, ensuring high demand. This fully rented
property boasts reliable long-term tenants, comprising one one-bedroom and
two two-bedroom units, each with full bathrooms. Modern amenities include
three separate heating systems, three NEW water heaters, three gas and
four electric meters, enhancing tenant satisfaction and operational
efficiency. With a solid rental income of almost $7,000/month and very low
monthly expenses. Real Estate Tax below $5,000. This investment promises
attractive returns and substantial upside potential, as current leases are
significantly below market value. Act now to capitalize on this
exceptional offering! P&L is available upon request. Please note that the
Certificate of Occupancy, dated 2008, reflects a legal three-family
dwelling with 3 detached garages. Building has no violations and properly
registered. Showings are by private appointments only. Please do not
disturb tenants.
Property Details for 38 Arthur Avenue
Property Details for 38 Arthur Avenue
| Status | Active |
|---|---|
| MLS ID | 2403218 |
| Days on Market | 207 |
| Taxes | $4,746 / year |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 11.0 |
| Compass Type | Townhouse |
| MLS Type | MultiFamily |
| Year Built | 1920 |
| Lot Size | 4,054 SF / 15' x 40' |
| County | Richmond County |
Building
38 Arthur Ave
Building Information for 38 Arthur Avenue
Property Information for 38 Arthur Avenue
- Absolute Longitude: -74
- Directions: gps
- Section: Mid-Island
- Garage Location: Detached
- Garage Capacity: 3.0
- Tax Abated: No
- Syndication Listing Reference URL: http://www.amerihomesrealty.com
- UnBranded Virtual Tour: https://app.doaudiotours.com/unbranded?id=4121&lang=en-US
- Block: 03108
- Lot: 0051
- Lot Dim: 40.5x100
- Parcel ID: 03108-0051
- CofO: Yes
- Condition: Good
- Irregular: No
- Year Built Description: Approx
- Year Built Info: Approx
- Cooling: No
- Electric: 220
- Electric Meters: Individual
- Gas Meters: Individual
- Sewer: City
- # of A/C Units: 3
- Air Conditioner: Units
- Basement Desc: Legal Apt.
- Basement Type: Full
- Full Baths: 3
- Heat Source: Gas
- Heat System: Hot Water
- Total Baths: 3.00
- Siding: Vinyl Siding
- Income & Expenses: Gross Income: $.00
- Income & Expenses: Net Income: $.00
- Income & Expenses: Total Expense: $.00
- Unit 1: # Baths: 1
- Unit 1: # Bedrooms: 1
- Unit 1: # Rooms: 3
- Unit 1: Level: 1
- Unit 1: Rent/Month: $1,850.00
- Unit 2: # Baths: 1
- Unit 2: # Bedrooms: 2
- Unit 2: # Rooms: 5
- Unit 2: Level: 2
- Unit 2: Rent/Month: $1,850.00
- Unit 3: # Baths: 1
- Unit 3: # Bedrooms: 2
- Unit 3: # Rooms: 5
- Unit 3: Level: 3
- Unit 3: Rent/Month: $1,990.00
- Unit 4: Rent/Month: $1,125.00
Property History for 38 Arthur Avenue
| Date | Event & Source | Price | Appreciation | Link |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 38 Arthur Avenue
Schools near 38 Arthur Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
P.S. 39 Francis J Murphy Jr PublicK to 5 | ||
Is 49 Bertha A Dreyfus Public6 to 8 | ||
Curtis High School Public9 to 12 | ||
Naples Street Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near South Beach
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Amerihomes Realty of NY, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.