About 76 Grove Avenue
Exceptional Investment Opportunity - Port Richmond Detached six-family income-producing building in the heart of Port Richmond featuring 12 bedrooms, 7 bathrooms, a basement storage area, on-site property manager's quarters, and 4 off street parking spaces. A standout investment with a 7.5 cap rate, excellent rent roll, and an ideal opportunity for investors or a 1031 exchange buyer. GOI 176,400, AOE 36,400 dollars, NOI 140,000 dollars. Built in 1987, the property is exempt from New York City's Rent Stabilization Law and Lead Paint Law. Recent improvements include updated plumbing and electric systems. Tenants pay their own heat and hot water, helping reduce owner expenses. Additional features: Gas piping inspection completed in 2025 (required every 3 years). Current bed bug filing submitted. No HPD or Department of Buildings violations. 24 Hour Security. Well-maintained, turnkey investment property offering strong cash flow in a desirable Port Richmond
