645 W 97th St

Built in 2019, this non-RSO triplex delivers an exceptional 7.6% CAP rate and flexibility for both investors and owner-occupants alike.

The property is entirely exempt from state and local rent control regulations, providing rare freedom in setting rental terms and maximizing income potential. The front, stand-alone unit lives like a single-family home - freshly remodeled and delivered vacant, ready for an owner to move in or for immediate lease-up. This spacious unit offers approximately 1,700 sq. ft. of open-concept living space filled with natural light, featuring 4 bedrooms, 3 bathrooms, and a two-car attached garage. At the rear are two identical tenant-occupied units, each offering 1,561 sq. ft., 4 bedrooms, and 3 bathrooms, generating consistent and significant rental income. The total living area across all three units is over 4,800 sq. ft. with 12 bedrooms and 9 bathrooms. The hardscaped exterior provides ample parking and minimal maintenance, while separate gas, electricity, and water meters allow tenants to pay their own utilities, simplifying management and maximizing net income. For the sophisticated investor, there is an opportunity here for cost segregation to allow significant tax deductions and savings up-front, making this a no-brainer investment. Also a great opportunity for an owner-occupier to take advantage of Fannie Mae's new 5% down payment opportunity! Situated in an area benefiting from major infrastructure and economic growth ahead of the 2028 Olympic Games, the 2026 World Cup, and ongoing public transit expansion, this property offers not only strong current cash flow but also meaningful long-term appreciation potential.

This home located at 645 W 97th St is currently active and has been available on pardeeproperties.com for 0 day. This property is listed at $1,669,000. It has 12 beds and 9 bathrooms. The property was built in 1938. 645 W 97th St is in the Metropolitan Southwest community of County.

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