Located on Corona Avenue in the heart of Corona, this well maintained and income producing three family property offers an excellent investment opportunity.


Property

Website: https://www.nestseekers.com/5232973
Address:
New York, NY 11368
Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 6
Lot Size: 0.1 Acres

Financials

Price:$1,880,000
Annual Taxes:$12,212.80

Description

Located on Corona Avenue in the heart of Corona, this well-maintained and income-producing three-family property offers an excellent investment opportunity. The building features three stories plus a full basement, with a solid layout and strong rental income. Each residential floor includes three bedrooms and two full bathrooms, with spacious, well-proportioned layouts that are highly desirable and easy to rent. The basement has a separate entrance and provides direct access to both the backyard and the front of the building, offering flexibility for future use. The property is currently fully rented with good, stable tenants. The entire building was fully renovated in 2020, including new electrical wiring, new plumbing, and a new boiler. Tenants pay their own gas and electricity, helping to keep operating expenses low. Annual property taxes are $12,213. Zoned R6B, the property also offers future expansion or development potential, adding long-term value. Transportation is extremely convenient, with the 7 train just a short walk away and the Q58 bus directly in front of the property, providing easy access to Flushing. The surrounding neighborhood offers abundant shopping, dining, and everyday conveniences.

Amenities

  • Back Yard
  • Electricity Available
  • Electricity Connected
  • Granite Counters
  • Marble Counters
  • Natural Gas Available
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Open Floorplan
  • Open Kitchen
  • Private
  • Sewer Available
  • Sewer Connected
  • Smoke Detectors
  • Subdivided
  • Trash Collection Public
  • Water Available
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of E Realty International Corp