New York, NY 11692

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 4
Pets: No Pets Allowed

Financials

Price:$899,000
Annual Taxes:$5,169.30
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Compass Greater NY LLC

Prime Rental Income Opportunity 3 Family Property Near the Beach in Arverne, NY.

Description

Prime Rental Income Opportunity - 3 Family Property Near the Beach in Arverne, NY. Discover a fantastic investment opportunity in the heart of Arverne! This well-maintained multi family home features three distinct units, offering the perfect blend of rental income and living space. Ideal for both investors and those looking to reside in one unit while renting out the others. Sold as is. Property Features: First Floor Unit: - 4 Bedrooms - 2 Bathrooms - Rental Income: $2,900/month - Spacious layout with a decent kitchen, perfect for families or groups. Second Floor Unit: - 3 Bedrooms - 1 Bathroom - Rental Income: $2,000/month - Great space for tenants looking for comfort and convenience. Third Floor Unit: - 2 Bedrooms - 1 Bathroom - Rental Income: $1,200/month - A unique space with potential for additional income. Additional Features: -Basement: Provides extra storage space for tenants or homeowners. -Garage: Convenient parking option and additional storage. -Backyard: A private outdoor space for relaxation or gatherings. Investment Highlights: Total Rental Income: $6,100/month, providing excellent cash flow. Cap Rate: 8.14% indicating strong investment potential. Location:Just minutes from beautiful beaches, parks, and local amenities, making it attractive for renters and residents alike. Additional Information: Opportunity for Updates: While the units are in good condition, there is potential for minor updates to increase rental value. Why This Property? Whether you are an investor looking to expand your portfolio or a homeowner seeking rental income, this property offers endless possibilities. Don’t miss out on this chance to own a piece of Arverne!

Amenities

  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath
  • Master Downstairs
  • Natural Gas Available
  • Natural Gas Connected
  • Primary Bathroom

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.