38 Arthur Ave

Seize this PRIME investment opportunity with a well-maintained legal
3-family house, with three detached garages on a 40X100 lot in zone R3-1, in the
desirable Arrochar neighborhood of Staten Island. Tenants are operating
below-market rents with room to improve and increase the current CAP.
Perfect for a 1031 exchange or enhancing your investment portfolio, this
property is strategically located near schools, shopping centers, and
transportation, just minutes from the Verrazano Bridge. Tenants will
appreciate the convenience, ensuring high demand. This fully rented
property boasts reliable long-term tenants, comprising one one-bedroom and
two two-bedroom units, each with full bathrooms. Modern amenities include
three separate heating systems, three NEW water heaters, three gas, and
four electric meters, enhancing tenant satisfaction and operational
efficiency. With a solid rental income of almost $7,000/month and very low
monthly expenses. Real Estate Tax below $5,000. This investment promises
attractive returns and substantial upside potential, as current leases are
significantly below market value. Act now to capitalize on this
exceptional offering! P&L is available upon request. Please note that the
Certificate of Occupancy, dated 2008, reflects a legal three-family
dwelling with three detached garages. The building has no violations and is properly
registered. Showings are by private appointments only. Please do not
disturb tenants.