Substantial price reduction! 26 Mt Hope PL offers a lucrative opportunity for any investor looking for a premium cap rate. With a gross effective income of $301,590 & room this is a property that can consistently perform as it has been since ownership. This property comes with a cemented relationship with New York City itself through the Department of Social Services & Human Resource Administration (HRA) over the past 20 years. This property spans 14 individual rooms at $59 per room, per day. Property can come with staff on hand or implement your own management team. Aside from the premium cap rate the property is situated between Jerome ave and the famed Grand Concourse. 26 Mt. Hope Place sits at epicenter of commerce, neighboring the 4 train as well as the B & D lines connecting it to a vast network of transportation. Call today for a tour. Pro-forma & financials available upon request!
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