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$3,990,000
Est. payment /mo
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1033484
Rental Info No
Year Built 1936
Annual Tax Amount $66,752
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Multi Family
Source onekey2
Property Description
Prime 20-Unit Investment Property in the Heart of Elmhurst - This exceptional brick building offers investors a rare combination of high-yield cap rate and stability with 18 two-bedroom apartments, 1 large studio, and 1 three-bedroom unit. A vacant two-bedroom apartment available for immediate showing. Located in desirable Elmhurst with excellent transportation access, this well-maintained property features stable, long-term tenants under professional management, providing consistent cash flow with minimal hands-on involvement. The solid brick construction, prime location, and established tenant base make this a turnkey investment opportunity perfect for both seasoned investors and those seeking to add a reliable income-producing asset to their portfolio.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Off Street
Utilities Available None
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
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Listed by Royalux Realty LLC • Zhen Ping Wang
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