This two-family home in East Elmhurst is a fantastic investment opportunity with significant earning potential. Here’s a detailed breakdown of its features and benefits: ### Investment Highlights - **Cap Rate**: 8% - **Projected Annual Income**: Approximately $140,000 - **Additional Income**: Large parking lot potential for renting space for boats… Read More and jet skis, alongside car parking ### Property Overview - **Location**: Prime East Elmhurst, with unobstructed views extending to Grand Central - **Type**: Legally permitted two-family, all-brick corner property - **Built**: 2006 - **Stories**: Three above ground plus a basement - **Renovation**: Newly renovated with high ceilings and hardwood floors ### Unit Configuration - **Total Bedrooms**: 3 - **Total Bathrooms**: 4 - **First Floor**: - 1 bedroom - 1 bathroom - Kitchen and living room - **Second & Third Floors**: - Each with 2 bedrooms - Each with 2 bathrooms - Kitchen and living room - **Basement**: - Separate entrance - Storage room - 1 bathroom ### Additional Features - **Outdoor Space**: Sitting area available for barbecues - **Parking**: - Multiple spaces for 4-5 cars - Potential for additional income from renting space for boats and jet skis - **Zoning**: R4 - **Property Taxes**: Low at $8,882 ### Location Benefits - **Proximity to Transportation**: - Just a 2-minute walk to bus stops (Q19, Q69, Q33, Q47) - Convenient access for Manhattan commuters - **Nearby Amenities**: - Supermarkets, banks, restaurants, and other essential services are within easy reach ### Ideal Use Cases - **Investors**: Strong income potential with high demand for rentals in the area - **Owner-Occupants**: Comfortable living space with options for rental income This property combines modern amenities with a prime location, making it a great option for both investors and future homeowners. Read Less
Listing Courtesy of E Realty International Corp, 718-886-8110.
Listing Snapshot
Days Online
182
Last Updated
Property Type
Duplex
Beds
3
Full Baths
3
Square Ft.
1,365
Lot Size
0.03 Acres
Year Built
2006
Property Tax
$8,882
MLS Number
945292
30 Days Snapshot Of 11370
$685k
+20%
(avg) sold price
2
-33%
homes sold
108
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Finished", "Full"
Building
Building Area: 1365, Construction Materials: "Brick", Year Built: 2006
Cooling
Details: "None"
Heating
Heating: "Baseboard", "Other"
Lot
Acres: 0.0273
Parking
Parking Total: 4
Utilities
Sewer: "Public Sewer", Water Source: "Public", Utilities: "Cable Connected", "Electricity Connected", "Natural Gas Connected"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The data relating to real estate for sale on this website comes courtesy of ONEKEY as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.