463 W 59th St offers investors the opportunity to acquire a newer 3-bedroom, 2-bathroom rental with approximately 1,247 square feet of living space and a 1-car garage. The home offers a practical layout and modern construction, making it well suited for the long-term rental market. The property is currently tenant occupied and leased for $1,445 per month through March 31, 2027. It is professionally managed, allowing the next owner to step into an established rental with management already in place. The combination of newer construction, a manageable 1,247-square-foot footprint, attached garage, and existing rental income makes this a straightforward addition to a long-term rental portfolio. The current lease provides immediate income while giving the next owner time to evaluate the property's performance and future rental potential. Photos taken prior to the tenant moving in.
Listing courtesy of THIRDSTONE PROPERTIES LLC.