Property

Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 4
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,295,000
Annual Taxes:$5,137.56
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Jaymore Realty LLC

Description

Fully Renovated Legal 3-Family Investment Property in Downtown Jamaica, Queens – 8.4% Cap Rate Potential! Discover this exceptional, fully renovated legal 3-family home in the heart of Downtown Jamaica, Queens—a prime investment opportunity with a strong 8.4% cap rate potential! Property Highlights: ? Upgraded from Top to Bottom – Featuring a new roof, siding, plumbing, electrical, windows, kitchens, baths, and flooring for worry-free ownership. ? Flexible Layout – Configured as a 1-bedroom, 2-bedroom, and 3-bedroom rental, maximizing income potential. ? Separate Utilities – Each unit has its own boiler and water tank, ensuring tenant convenience and cost efficiency. ? Parking & Storage – Includes a two-car garage and a full basement with a separate entrance for added functionality. ? Unbeatable Location – Just minutes from the E, J, Z trains, LIRR, and AirTrain, making commutes seamless. The AirTrain connects to JFK Airport in just 10 minutes! ? Thriving Downtown Jamaica – Surrounded by new high-rises, trendy eateries, shopping, and a growing business hub, offering an ideal live-work-play environment. Whether you’re an investor seeking strong cash flow or an owner-occupant looking for rental income, this turnkey property is a rare find in a rapidly revitalizing neighborhood!

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Natural Gas Connected

Fully Renovated Legal 3 Family Investment Property in Downtown Jamaica, Queens 8.

American foursquare style home featuring a residential view, a fenced front yard, and a gate

Long Island MLS

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.