New York, NY 11432

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 3
Lot Size: 0.0 Acres

Financials

Price:$1,349,000
Annual Taxes:$5,689
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Neighborhood Elite Homes LLC

TURN KEY CASH COW BRICK 3 FAMILY WITH A VACANT UNIT amp ; INSTANT ROI Offered at 1, 349, 000.

Description

TURN-KEY CASH COW: BRICK 3-FAMILY WITH A VACANT UNIT & INSTANT ROI Offered at $1,349,000. Lock in cash flow on day one with this massive, ultra-low-maintenance brick 3-family powerhouse! Perfectly positioned for savvy investors maximizing yields or owner-occupants looking to have their mortgage slashed by rental income. Units 1 and 2 are fully occupied with reliable, vetted, on-time paying tenants, generating effortless passive income the moment you close. Unit 3 is completely vacant and ready for you to move in or immediately lease at top market rates ($3,500+/mo potential). This expansive unit features high ceilings, dedicated living and dining rooms, and 3 full bedrooms. Enjoy ultimate expense control and maximum NOI protection: this property features fully separated utilities with 3 distinct boilers, 3 hot water tanks, and 4 electric meters, meaning tenants pay their own bills. Combined with unusually low annual property taxes, your holding costs stay exceptionally low. Boasting a sprawling layout totaling 8 bedrooms, 3 full bathrooms, and a massive full basement prime for storage or conversion. Located just minutes from the F train, major shopping, dining, and top-tier schools, this location guarantees near-zero vacancy rates. Fully separated 3-family properties with vacant units in this prime corridor do not last!

Amenities

  • Aluminum Frames
  • Electricity Connected
  • First Floor Full Bath
  • Insulated Windows
  • Natural Gas Available
  • Natural Gas Connected
  • Water Available
  • Water Connected

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.