Price Drop
$ 1,699,000
2.91%
|
$ 51,000
20'x100'
Lot Size
4/6
Floors/Apts
Details
Income Property
Ownership
Active
Status
Building For Sale
Property Type
$ 1,092
Real Estate Taxes
[Per Annum]
Low-Rise
Building Type
20'x50'
Building Size
2008
Year Built
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
Description
Elmhurst Investment Opportunity - 6.5 Cap Rate!
Built in 2008, this well-maintained 4-story, 6-unit multifamily building with 1 commercial space offers a high-yield 6.5 cap rate in the heart of Elmhurst, Queens. Spanning 4,880 SF, the building sits on a 20 ft x 100 ft lot and benefits from a 421a tax abatement.
Mix of 1-2-3 bedrooms, fully occupied, the property features separately metered electric and gas.. The heating system is also separately metered, ensuring low operating costs. Strong rental income, and a prime location make this an exceptional turn-key investment opportunity.
Don't miss out on this rare find-
Elmhurst Investment Opportunity - 6.5 Cap Rate!
Built in 2008, this well-maintained 4-story, 6-unit multifamily building with 1 commercial space offers a high-yield 6.5 cap rate in the heart of Elmhurst, Queens. Spanning 4,880 SF, the building sits on a 20 ft x 100 ft lot and benefits from a 421a tax abatement.
Mix of 1-2-3 bedrooms, fully occupied, the property features separately metered electric and gas.. The heating system is also separately metered, ensuring low operating costs. Strong rental income, and a prime location make this an exceptional turn-key investment opportunity.
Don't miss out on this rare find-
Listing Courtesy of Douglas Elliman Real Estate
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
Features
A/C
Building Details
Income Property
Ownership
None
Service Level
Walk-up
Access
1753/31
Block/Lot
20'x50'
Building Size
R5
Zoning
Low-Rise
Building Type
2008
Year Built
4/6
Floors/Apts
20'x100'
Lot Size
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 100037TH
