TURN KEY CASH COW BRICK 3 FAMILY WITH VACANT UNIT amp ; INSTANT ROI Offered at 1, 349, 000 Lock in immediate cash flow on day one with this massive, ...


Property

Website:https://www.nestseekers.com/5640080
Address:
New York, NY 11432
Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 3
Lot Size: 0.0 Acres

Financials

Price:$1,349,000
Annual Taxes:$5,689

Description

TURN-KEY CASH COW: BRICK 3-FAMILY WITH VACANT UNIT & INSTANT ROI Offered at $1,349,000 Lock in immediate cash flow on day one with this massive, ultra-low-maintenance brick 3-family powerhouse. Perfectly suited for aggressive investors looking to maximize yields or house-hackers wanting their mortgage paid by tenants, this property delivers immediate income with major upside potential. Immediate Yield: Units 1 and 2 feature reliable, fully vetted, on-time paying tenants generating effortless passive income the moment you close. Vacant 3-Bedroom Unit: Unit 3 is completely vacant and ready to move in or lease out at top market rates ($3,000+/mo potential). High ceilings, expansive layout, dedicated living and dining rooms, and 3 full bedrooms. Turn-Key Expense Control: Fully split utilities mean maximum NOI protection. Built with 3 separate boilers, 3 hot water tanks, and 4 electric meters—tenants pay their own bills. Low Taxes = High Margins: Unusually low annual property taxes keep your net operating income high and holding costs low. Massive Upside: Sprawling layout totaling 8 bedrooms and 3 full bathrooms, plus a massive full basement offering massive storage or conversion potential. Prime Location Advantage: Minutes to the F train, major shopping, dining, and top schools—ensuring near-zero vacancy rates forever. Don't wait—multi-families with full utility separation and vacant units in this location do not last.

Amenities

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

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Neighborhood Elite Homes LLC