Just north of Myrtle, around the corner from the mixed-use building that was our last pick, comes a real listing from Corcoran. While 118 Washington Avenue might be smaller and have less units & less income potential than its slightly pricier neighbors 193 Washington and 204 Washington, at least you know it's a real listing that's poised to sell. And at a price not that much higher than the distressed 3-Family 146 Washington, this 16' wide 2-Family might just be worth a go.
Pro's: totally turn key, owners duplex, condo alternative, below 2-Family FHA loan limit, Myrtle Avenue has lots to offer
Con's: 16' wide, only a 2-Family, a hike to a city train, might be more value in Bed-Stuy
Ideally: owner's sitting on lots of equity, and you know the listing's real, so if the distance isn't a deal-breaker, there's value here.
In contract as of 8/23/11
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