Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Bedrooms: | Studio |
| Pets: | Pets No |
Financials
DescriptionExceptional Investment Opportunity in the Heart of College Point
Introducing 116-01 & 116-03 14th Road—two mixed-use buildings being sold together as one rare and valuable package. Located on a corner lot just off College Point Boulevard, this property offers strong income potential, flexible usage, and long-term upside.
Set on a corner lot with R4-1 zoning, the buildings feature a total of four free market residential units (two two-bedroom each apartments), two ground-floor commercial spaces and private back yard. It’s a well-rounded asset offering multiple income streams.
The current setup includes a commercial tenant who leases both stores along with the basement, rear yard. Two of the four residential units are currently vacant, offering immediate leasing opportunity or renovation upside.
With all units fully leased at market rents, the projected gross annual income exceeds $150,000, offering a potential cap rate of approximately 12%. Tenants are responsible for their own electricity keeping operating expenses low.
Sold as-is with tenants in place, this is a standout investment in a convenient location close to shops, schools, and public transportation. Don’t miss this chance to acquire a high-potential, income-generating property in growing College Point. All info deems accurate need to verify by potential buyers*
Exceptional Investment Opportunity in the Heart of College Point Introducing 116-01 & 116-03 14th Road—two mixed-use buildings being sold together as one rare and valuable package. Located on a corner lot just off College Point Boulevard, this property offers strong income potential, flexible usage, and long-term upside. Set on a corner lot with R4-1 zoning, the buildings feature a total of four free market residential units (two two-bedroom each apartments), two ground-floor commercial spaces and private back yard. It’s a well-rounded asset offering multiple income streams. The current setup includes a commercial tenant who leases both stores along with the basement, rear yard. Two of the four residential units are currently vacant, offering immediate leasing opportunity or renovation upside. With all units fully leased at market rents, the projected gross annual income exceeds $150,000, offering a potential cap rate of approximately 12%. Tenants are responsible for their own electricity keeping operating expenses low. Sold as-is with tenants in place, this is a standout investment in a convenient location close to shops, schools, and public transportation. Don’t miss this chance to acquire a high-potential, income-generating property in growing College Point. All info deems accurate need to verify by potential buyers*
Exceptional Investment Opportunity in the Heart of College Point Introducing 116 01 amp ; 116 03 14th Road two mixed use buildings being sold together as one rare and valuable ...
DescriptionExceptional Investment Opportunity in the Heart of College Point
Introducing 116-01 & 116-03 14th Road—two mixed-use buildings being sold together as one rare and valuable package. Located on a corner lot just off College Point Boulevard, this property offers strong income potential, flexible usage, and long-term upside.
Set on a corner lot with R4-1 zoning, the buildings feature a total of four free market residential units (two two-bedroom each apartments), two ground-floor commercial spaces and private back yard. It’s a well-rounded asset offering multiple income streams.
The current setup includes a commercial tenant who leases both stores along with the basement, rear yard. Two of the four residential units are currently vacant, offering immediate leasing opportunity or renovation upside.
With all units fully leased at market rents, the projected gross annual income exceeds $150,000, offering a potential cap rate of approximately 12%. Tenants are responsible for their own electricity keeping operating expenses low.
Sold as-is with tenants in place, this is a standout investment in a convenient location close to shops, schools, and public transportation. Don’t miss this chance to acquire a high-potential, income-generating property in growing College Point. All info deems accurate need to verify by potential buyers*
Exceptional Investment Opportunity in the Heart of College Point Introducing 116-01 & 116-03 14th Road—two mixed-use buildings being sold together as one rare and valuable package. Located on a corner lot just off College Point Boulevard, this property offers strong income potential, flexible usage, and long-term upside. Set on a corner lot with R4-1 zoning, the buildings feature a total of four free market residential units (two two-bedroom each apartments), two ground-floor commercial spaces and private back yard. It’s a well-rounded asset offering multiple income streams. The current setup includes a commercial tenant who leases both stores along with the basement, rear yard. Two of the four residential units are currently vacant, offering immediate leasing opportunity or renovation upside. With all units fully leased at market rents, the projected gross annual income exceeds $150,000, offering a potential cap rate of approximately 12%. Tenants are responsible for their own electricity keeping operating expenses low. Sold as-is with tenants in place, this is a standout investment in a convenient location close to shops, schools, and public transportation. Don’t miss this chance to acquire a high-potential, income-generating property in growing College Point. All info deems accurate need to verify by potential buyers*
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
