Home Details for 1413 Lincoln Place

Description: Prime Crown Heights two-family brick townhouse. Sold as-is with tenants in possession, but both occupants are cooperative and willing to relocate if provided with assistance. A 90-day notice to vacate has been served, making this strong value-added opportunity with flexible delivery. No interior access at present. Excellent upside for investor or end-users planning renovation or redevelopment. Highlights: 2,280 sq ft building on 3,277 sq ft lot. R6 Zoning - ideal for redevelopment or expansion Delivered occupied with relocation flexibility; vacant delivery negotiable Full basement, brick facade, gas heat Close to 3/4 trains at Utica Ave and multiple bus lines Low property taxes, stron post-renovation rental demand Financial (Estimated): Unit 1: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Ground floor, 3 BR) Unit 2: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Upper Level, 3 BR) Total Potential Gross Rent: $7,600/mo ($91,200)/yr) based on market rents Disclosures: Sold as-is with tenants in possession. Tenants are Cooperative and open to relocation with assistance. 90-day notice to vacate has been served. Seller makes no representations regarding interior condition. Cash Offers preferred. Proof of funds required for exterior inspection. Neighborhood: Crown Heights is one of the Brooklyn'smost sought-after investment areas, with renovated two-family sales usually starting at $950,000.

• Utilities

  • Natural Gas Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

• Cooling Information

  • None

• Heating Information

  • Baseboard

• Water Features

  • Public

• Parking

  • Alley Access

• Basement

  • Full