38 Arthur Avenue
$1,039,000
5
3
1,523
1,523
$682
Description
Seize this PRIME investment opportunity with a well-maintained legal3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in thedesirable Arrochar neighborhood of Staten Island. Tenants are operatingbelow-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, thisproperty is strategically located near schools, shopping centers, andtransportation, just minutes from the Verrazano Bridge. Tenants willappreciate...Seize this PRIME investment opportunity with a well-maintained legal3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in thedesirable Arrochar neighborhood of Staten Island. Tenants are operatingbelow-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, thisproperty is strategically located near schools, shopping centers, andtransportation, just minutes from the Verrazano Bridge. Tenants willappreciate the convenience, ensuring high demand. This fully rentedproperty boasts reliable long-term tenants, comprising one one-bedroom andtwo two-bedroom units, each with full bathrooms. Modern amenities includethree separate heating systems, three NEW water heaters, three gas andfour electric meters, enhancing tenant satisfaction and operationalefficiency. With a solid rental income of almost $7,000/month and very lowmonthly expenses. Real Estate Tax below $5,000. This investment promisesattractive returns and substantial upside potential, as current leases aresignificantly below market value. Act now to capitalize on thisexceptional offering! P&L is available upon request. Please note that theCertificate of Occupancy, dated 2008, reflects a legal three-familydwelling with 3 detached garages. Building has no violations and properlyregistered. Showings are by private appointments only. Please do notdisturb tenants.
Property Details for 38 Arthur Avenue
Parking
Carport
Area NameArrochar
ZoningR3-1
LISTING UPDATED: 10/04/2024 10:23 AM
Property Details for 38 Arthur Avenue
Status | Active |
---|---|
MLS ID | 2403218 |
Days on Market | 122 |
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 / 41' x 100' |
County | Richmond County |
Building
Building Information for 38 Arthur Avenue
Stories2Residences2Year Built1920Building Size15' x 40'Building Sq. Ft1,200 SFLot Size4,054 SF / 41' x 100'Building Age-Building Type-
Property Information for 38 Arthur Avenue
Property History for 38 Arthur Avenue
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 38 Arthur Avenue
Taxable ValueLand$13,620Additions$28,020Total$41,640
Home Facts
Total Finished SqFt1,523 SqFtLot Size4,054 SqFtYear Built1920ZoningR3-1APN5031080051
Schools near 38 Arthur Avenue
This home is within New York City Geographic District #31.
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.
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