Prime 20 Unit Investment Property in the Heart of Elmhurst This exceptional brick building offers investors a rare combination of high yield cap rate and stability with 18 two bedroom ...


Property

Website:https://www.nestseekers.com/5667678
Address:
New York, NY 11373
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$3,990,000
Annual Taxes:$66,752.08

Description

Prime 20-Unit Investment Property in the Heart of Elmhurst - This exceptional brick building offers investors a rare combination of high-yield cap rate and stability with 18 two-bedroom apartments, 1 large studio, and 1 three-bedroom unit. A vacant two-bedroom apartment available for immediate showing. Located in desirable Elmhurst with excellent transportation access, this well-maintained property features stable, long-term tenants under professional management, providing consistent cash flow with minimal hands-on involvement. The solid brick construction, prime location, and established tenant base make this a turnkey investment opportunity perfect for both seasoned investors and those seeking to add a reliable income-producing asset to their portfolio.

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Royalux Realty LLC