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138 Holland Ave 34 Holland Ave

5 Unit Apartment Building $2,267,872 CAD ($453,574 CAD/Unit) 9.84% Cap Rate Staten Island, NY 10303

Executive Summary

Attention all investors! Rare chance to capture this Prime Investment Opportunity with a Projected Cap Rate of 9% plus!
This property presents a remarkable value-add opportunity for investors, featuring:
* 5 Units + Garage on large Vacant Land: Includes a large vacant land parcel with a garage, expanding your investment potential for potential development.
* 100% Free Market: Enjoy the freedom of setting competitive rental rates.
* Long-Term Ownership: Benefit from a stable investment with a history of solid performance.
* Below Market Rents: Take advantage of the potential for increased cash flow by adjusting rents to market rates.
* Pristine Condition: Move-in ready with turnkey finishes that attract desirable tenants.
Seize the chance to enhance your portfolio with this exceptional property. Contact me for more information!

Property Facts

Price $2,267,872 CAD
Price Per Unit $453,574 CAD
Sale Type Investment
Cap Rate 9.84%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.16 AC
Building Size 5,100 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1931/2005

Unit Amenities

  • Air Conditioning
  • Attic

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01318-0204
Land Assessment
$12,819 CAD
Improvements Assessment
$260,176 CAD
Total Assessment
$272,995 CAD

zoning

Zoning Code R3-2 (R3 - Low density residential district)
R3-2 (R3 - Low density residential district)
  • Listing ID: 33636242

  • Date on Market: 2024-10-25

  • Last Updated:

  • Address: 34 Holland Ave, Staten Island, NY 10303

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