UPDATED:
Key Details
Property Type Multi Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 969527
Bedrooms 10
Full Baths 6
Rental Info No
Year Built 1931
Annual Tax Amount $20,015
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Quadruplex
Source onekey2
Property Description
The property features an ideal unit mix consisting of two 1-bedroom apartments on the first floor and four 2-bedroom apartments located on the second and third floors, offering strong tenant appeal and consistent rental demand.
Currently generating over $111,000 in annual gross rental income, the property offers investors an approximate 6.3% cap rate, making it an attractive addition to any investment portfolio.
Conveniently located in College Point, the property is close to shopping, restaurants, parks, schools, and public transportation, with easy access to Downtown Flushing, major highways, and LaGuardia Airport. This area continues to experience strong rental demand due to its convenient location and vibrant community.
Location
State NY
County Queens
Rooms
Basement Full, Storage Space, Unfinished, Walk-Out Access
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Built-in Features, Natural Woodwork
Heating Natural Gas, Separate Meters
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Hardwood, Laminate
Fireplace No
Laundry In Basement
Exterior
Parking Features Driveway
Fence Chain Link
Utilities Available Cable Available, Electricity Available, Natural Gas Available
View Bridge(s), City, Neighborhood, River, Water
Total Parking Spaces 3
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Stucco
Schools
Middle Schools Jhs 185 Edward Bleeker
High Schools Queens 25
School District Queens 25
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716