Description
Rare opportunity at 774 Blake Avenue - perfect for the savvy investor AND the smart first-time homebuyer! First-time buyers, take note - this property may qualify for an FHA 203k renovation loan, allowing you to finance both the purchase and renovation costs in one mortgage, turning potential into profit from day one!Reimagine the space, bring your vision and make This powerhouse property your own - formerly a two-family with a commercial storefront - is primed for reconversion and packed with income-producing potential. The main unit features 3 bedrooms, a formal living room, full bath and a full kitchen. The expansive front living area on the first floor presents a compelling opportunity to restore the commercial storefront or expand into additional living space. The rear unit offers a private entrance, 1 bedroom, living room/dining/kitchen, and full bath - live in one unit and rent the other to offset your mortgage. Basement offers room to finish for additional living or recreation space. Generous backyard. Property is easily accessible for showings. With comparables in this thriving neighborhood commanding top dollar, $649,000 represents exceptional value for the scope of opportunity here. Whether you're building a portfolio or planting roots - this property works for you. Conveniently located near public transportation, a neighborhood park, and community garden.Don't let it pass you by. Submit your highest and best offer.Property will be delivered vacant.
Details
| MLS # | 862244 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 160 |
| Listing Provided By | The C Y D Realty Group LLC | Bren A. Chin |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,990 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.04 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Formal Dining |
Exterior
| Construction Materials | Brick |
|---|---|
| Fencing | Back Yard |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 50940 |
| Tax Annual Amount | 3490 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11207 |
| School District | Perf Arts & Tech High School |
| Elementary School | Ps 89 Cypress Hills |
| High School | Perf Arts & Tech High School |
| Listing VS Median (in 11207) | |
Price: $649,000 low | high Med: $849,999 sqft: 1,990 low | high Med: 1,321 $ / sqft: $326 low | high Med: $643 On site: 160 low | high Med: 2 | |
Market Activity 11207
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11207 |
| School District | Perf Arts & Tech High School |
| Elementary School | Ps 89 Cypress Hills |
| High School | Perf Arts & Tech High School |
| Listing VS Median (in 11207) | |
Price: $649,000 low | high Med: $849,999 sqft: 1,990 low | high Med: 1,321 $ / sqft: $326 low | high Med: $643 On site: 160 low | high Med: 2 | |