Home Details for 5247 Bancroft Avenue

Welcome to 5247 Bancroft! A 3200 sq. ft. cash-flowing 4-Family apartment building located in the desirable South Hampton Neighborhood! Perfectly situated on a quiet tree-lined street. Long-term Tenants love living here on the peaceful side of the city. Close proximity to all the restaurants, parks, shopping and nightlife - but not too close! Make money from day one with $40,380 GOI / annual rent collection! Earning a 7.87% Cap rate after landlord expenses at current below market rents, with lots of room to grow! A perfect choice for owner occupant to live in the larger (month to month) unit and collect the rent! Turn-key investment property for landlords looking to grow passive their income in a premier location with friendly tenants that pay on time! 4 Easy-to-rent units, 3 featuring 4 rooms / walk-thru layout on the standard units (Living room, Bedroom, Dining area, and Kitchen) 1 bed/1 bath approximately 710 sq ft each, and one larger 2 bedroom 1 and 1/2 bathroom unit with 2 levels and in-unit laundry. The Larger unit has the same main-floor plan with a spiral staircase to the additional lower level bedroom, den, laundry and 1/2 bath! Out back there is deck space and parking spaces for each apartment. The character and charm is preserved including many stained glass windows and hardwood floors throughout the building. Get owner peace-of-mind with upgrades throughout including; modern central heat and A/C , updated PVC plumbing & copper water main service, romex wiring and circuit breaker panels, upgraded outside meter base and main electric service, newer commercial grade TPO roof and gutters. Don't delay! Now is the time to invest in your future with an income-producing property!

• Basement

  • Partially Finished
  • Full
  • Bath/Stubbed

• Cooling Information

  • Central Air

• Heating Information

  • Forced Air

• Water Features

  • Public

• Parking

  • Off Street