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Listing Courtesy of Douglas Elliman Real Estate
$ 1,950,000
Est. payment | /mo
7 Beds
7 Baths
$ 1,950,000
Est. payment | /mo
7 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Elmhurst
MLS Listing ID RLS20014683
Bedrooms 7
HOA Y/N No
Year Built 2002
Annual Tax Amount $11,844
Property Sub-Type Multi Family
Property Description
Elmhurst Investment Opportunity - 7.3 Cap Rate! Built in 2002, this well-maintained 4-story, 7-unit multifamily building with 1 commercial space offers a high-yield 7.3 cap rate in the heart of Elmhurst, Queens. Spanning 6,300 SF, the 25 ft x 54 ft building sits on a 25 ft x 100 ft lot and benefits from a 421a tax abatement. Fully 100% occupied, the property features separately metered electric and gas, with tenants covering their own utilities. Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and location make this an exceptional turn-key investment opportunity. Don''''t miss out on this rare find- contact us today!
Location
State NY
County Queens
Rooms
Basement Other
Interior
Cooling Window Unit(s)
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $987
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by LUXIAN INTERNATIONAL REALTY