262 Rutland Rd is a is being offered at a current 5 cap rate. This renovated 3-family produces $81,213 in net income a year. Just minutes from Prospect Park and commuter-friendly, each spacious apartment includes hardwood floors and high-end kitchen finishes including a dishwasher, five-burner stove, and microwave in each unit. Laundry is provided in the building, as well as a shared backyard, rec room, and bike storage. There is also a garage parking spot and a 2 car driveway. Common storage located in the basement. Groceries, cafes, bars, restaurants, and greenery all nearby.
Unit 1 (1 BR/1 BA): $1,900 expiring in 2021
Unit 2 (3 BR/2 BA): $2,951 as of 4/15/20 (expiring in 2022)
Unit 3 (3 BR/2 BA): $2,915 as of 4/15/19 (expiring in 2023, Just renewed)
Water/Sewage: $385 in 2019
Gas: $1,267 in 2019
Insurance: $2,371 as of April 2020
Electricity (common basement): $610 in 2019