33 AND 35 AND 37 JACKSON STREET 33 Jackson St 3 Unit Apartment Building $1,350,000 ($450,000/Unit) 9.67% Cap Rate Staten Island, NY 10304

THIS LISTING IS FOR THE SALE OF 33-35-37 JACKSON AVENUE
Three contiguous Single-Family Homes on a single tax lot
Location: Tompkinsville, Staten Island, NY

Explore an exceptional investment opportunity with three single-family homes, located on a single tax lot in the vibrant neighborhood of Tompkinsville, Staten Island. Each property features 6 bedrooms and 1 bathroom, and a basement offering ample living space ideal for families and maximizing rental income potential.
These homes benefit from a collective annual tax expense of under $5,000, making for a cost-effective investment with enhanced profitability. Currently, they generate over $130,000 in Net Operating Income (NOI)(9% CAP), with additional upside potential for increased rental revenue through light renovations will bring the Net Operating Income (NOI) / $161,000 annually (11 CAP)
NET INCOME = AFTER EXPENSES!!
Tompkinsville is a highly sought-after neighborhood known for its rich history and community atmosphere. Residents enjoy proximity to local parks, including the expansive Clove Lakes Park, which offers recreational activities and green spaces. The area is well-served by public transportation, providing convenient access to the Staten Island Ferry and other transit options. Additionally, Tompkinsville boasts a mix of charming local shops, restaurants, and cultural landmarks, adding to its appeal for prospective tenants.
This combination of low taxes, strong rental income, and the attractive features of Tompkinsville makes these properties a valuable addition to any investment portfolio.