3446 107th ST Active Save Request In-Person Tour Request Virtual Tour
Corona,NY 11368
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY837142
Bedrooms 9
Full Baths 6
Year Built 1930
Annual Tax Amount $9,703
Lot Size 2,604 Sqft
Property Sub-Type Triplex
Property Description
Attention investors! This well-maintained, semi-detached 3-family property in the vibrant neighborhood of Corona offers a turnkey investment opportunity with no vacancy downtime. Completely renovated in 2016, this solid building features two stories plus a finished basement with a private entrance. With a detached 2-car garage at the rear, this property has the potential for even more rental income or added convenience for tenants.
The layout includes:
- First Floor: Spacious 5-bedroom, 2.5-bathroom unit perfect for larger households.
- Second Floor: Two separate units, both offering comfortable living spaces with natural light flooding in through the windows of every room, thanks to the semi-detached design.
- Finished Basement with separate entrance, offering potential for additional use or storage.
The building is fully equipped with separate utilities, including 4 electric meters, 4 gas meters, and 4 boilers, allowing tenants to cover their own utilities. This setup ensures low overhead for the landlord, making it a highly efficient, hassle-free investment. All units are occupied with reliable tenants on month-to-month leases, providing immediate cash flow with zero vacancy downtime.
Conveniently located near public transportation, popular dining spots, and a wide range of retail stores, this property offers unmatched convenience for tenants and is in a high-demand rental area. With a solid 6% cap rate, this is an ideal property to add to your investment portfolio, providing both strong returns and long-term value.
Location
State NY
County Queens
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected,Natural Gas Connected,Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None