12 Linden Pl
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12 Linden Pl
9 Unit Block of Flats £1,643,145 (£182,572/Unit) 7.13% Net Initial Yield Port Jefferson, NY 11777
Executive Summary
Once in a lifetime opportunity!!! Legal 9 family apartment building, fully occupied. One block from Main St and the multiple hundred million dollar upper Port Jeff revitalization project. Apartment buildings surround, many high-end luxury apartments. Building sits on one-way street, new town park at the end of the block. Short distance to train. Building has large parking lot. Fire escape and class three fire suppression system. First floor: (1) one bedroom unit, and (1) 3 bedroom unit. Second floor: (1) two bedroom unit, (1) one bedroom unit, and (2) studios. Third floor: (3) large one bedroom units. Five year young roof. Gross monthly rent after scheduled increases: $16,200/Annual $194,400. Property has unlimited upside.
Property Facts
| Price | £1,643,145 | Apartment Style | Low Rise |
| Price Per Unit | £182,572 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Net Initial Yield | 7.13% | Building Size | 5,694 SF |
| No. Units | 9 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Price | £1,643,145 |
| Price Per Unit | £182,572 |
| Sale Type | Investment |
| Net Initial Yield | 7.13% |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,694 SF |
| Number of Floors | 3 |
| Year Built | 1950 |
| Parking Ratio | 1.76/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 2 | £978.06 | - |
| 1+1 | 6 | £1,174 | - |
| 3+1 | 1 | £1,565 | - |
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Walk Score ®
Very Walkable (71)
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Presented by
AB Venture LLC
12 Linden Pl
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