Excellent investment opportunity in the heart of Far Rockaway !
| Website: | https://www.nestseekers.com/5573014 |
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| Address: | New York, NY 11691 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Description
Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied.
The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach.
Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection.
Projected Gross Rent Roll:
Unit 1 (Occupied): $3,600/month
Unit 2 (Vacant): Approx. $2,700/month
Unit 3 (Vacant): Approx. $2,700/month
Unit 4 (Vacant): Approx. $2,700/month
Potential Gross Income: Approximately $11,700/month ($140,400/year).
Amenities
- First Floor Bedroom
- Natural Gas Available
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA Phone: +1 929-442-2208 | |
| Listing Courtesy of Royal Realty Group Inc | |