Welcome to 88-01 107th street!
Option to deliver the property vacant!
This well-maintained 6-family building offers a rare investment opportunity, having not been on the market for nearly 30 years! With a legal annual rent of $142,000 (rent stabilized) it’s perfect for investors looking to maximize returns in a vibrant neighborhood.
Property Details:
Lot Size: 30 ft x 100 ft
Building Size: 23 ft x 80 ft
Basement: Large finished basement for additional usable space, right now has W/D and storage rooms
Backyard: Shared outdoor space for tenant enjoyment.
Unit Breakdown:
5 Spacious 2-Bedroom Units: Bright spacious apartments with open layouts, high ceilings, hardwood floors, and separate kitchens. 1 Ground Floor 1-Bedroom Unit: also features a separate kitchen.
Key Features:
Vacant Units: 5 units are vacant, ready for immediate leasing, optional to get one unit occupied at $2300 Legal Rent: Strong annual rental income RS. Well-Maintained: Minimizes immediate repair costs, ensuring a smooth transition. Large Finished Basement: Versatile space for common areas or storage. Prime Location: Next to public transportation, shops, and restaurants, fostering a vibrant community atmosphere. This 6-family building is a unique opportunity to invest in a thriving community. With spacious units and a desirable location, it’s primed for success. Don’t miss out on this incredible chance—properties like this are hard to find!