Meticulously maintained C2-class three-story walk-up located in the heart of Elmhurst, Queens, offering an exceptional opportunity for investors seeking stable income in a high-demand rental market. The building measures 20’ x 42’ on a 25’ x 100’ lot and is semi-attached.
This property will be sold together with an adjacent, identical… Read More building, which is separately listed, creating a rare chance to acquire a side-by-side portfolio in a premier location.
The building features a relatively new roof, new boiler, and new hot water heater, reflecting ongoing ownership care and minimizing near-term capital expenditures. The unfinished basement is clean, dry, and unoccupied, offering flexibility for storage or future use.
All apartments are well-kept, easily accessible, and occupied by long-term, reliable tenants, supported by an excellent rent roll. The property has been exceptionally well maintained throughout.
Ideally situated just moments from Roosevelt Avenue with access to the 7 train, and surrounded by multiple local bus lines along Broadway and Corona Avenue. Close to shopping, dining, schools, and all neighborhood conveniences.
Strong location. Strong income. Turnkey condition.
This opportunity will not last. Read Less
Listing Courtesy of Douglas Elliman Real Estate, 718-631-8900.
Listing Snapshot
Days Online
263
Last Updated
Property Type
Triplex
Beds
5
Full Baths
3
Lot Size
0.06 Acres
Year Built
1931
Property Tax
$14,261
MLS Number
932947
Additional Details
Basement
Finished, Full
Building
Built in 1931, Construction Materials: Aluminum Siding, Brick
Cooling
Wall/Window Unit(s)
Expenses
Operating: $19,000
Floors
Ceramic Tile
Foundation
Block
Heating
Baseboard, Natural Gas
Income
Gross Income: $156,500
Interior Features
Eat-in Kitchen, Open Floorplan
Lot
0.0574 acres, Dimensions: 25x100, Back Yard, Borders State Land
Parking
None
Property
Actual, Updated/Remodeled, City
Security Features
Building Security, Smoke Detector(s), Video Cameras
Electricity Available, Natural Gas Available, Sewer Available, Trash Collection Public, Water Available, Water Source: Public, 5 separate electric meters
Windows
Double Pane Windows
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