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Detailed Introduction Of This Property
881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is
uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month
in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition.
The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property
is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces
with ample parking for the current tenant profile.
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