Description
This fully rented triplex at 417-419 Lincoln Ave in Prospect Park presents a prime value-add opportunity for investors seeking to maximize returns in a highly desirable location. Featuring three rental units"two spacious 2-bedroom, 1-bath apartments and a cozy 1-bedroom, 1-bath basement unit"for a total of $3,395 rental income. This property offers steady rental income potential and convenience with parking, efficient gas heating, and a prime location near schools and public transportation, its an ideal choice for tenants and investors alike. Recent upgrades have been made to enhance the propertys value, including a full rehab of the basement unit in October 2024 for $10,000, the replacement of three water heaters in 2023 for $6,500, and a fresh coat of paint in Unit 2 in July 2024 for $3,000. Additionally, the building is situated in a highly accessible neighborhood, with Park Square just a short distance away. Whether youre looking to expand your real estate portfolio or generate reliable passive income, this triplex is an excellent investment opportunity.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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2,715SQFT
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$149$/SQFT
School Information
Description
This fully rented triplex at 417-419 Lincoln Ave in Prospect Park presents a prime value-add opportunity for investors seeking to maximize returns in a highly desirable location. Featuring three rental units"two spacious 2-bedroom, 1-bath apartments and a cozy 1-bedroom, 1-bath basement unit"for a total of $3,395 rental income. This property offers steady rental income potential and convenience with parking, efficient gas heating, and a prime location near schools and public transportation, its an ideal choice for tenants and investors alike. Recent upgrades have been made to enhance the propertys value, including a full rehab of the basement unit in October 2024 for $10,000, the replacement of three water heaters in 2023 for $6,500, and a fresh coat of paint in Unit 2 in July 2024 for $3,000. Additionally, the building is situated in a highly accessible neighborhood, with Park Square just a short distance away. Whether youre looking to expand your real estate portfolio or generate reliable passive income, this triplex is an excellent investment opportunity.
©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-06-20T19:58:35.057.
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