Description
Great opportunity to own a solid high income potential mixed-use building on the busy Jamaica Avenue in Queens Village. This three-unit property features a ground-floor retail space currently leased to a high-quality tenant through 2029 at $3,650/month with 3% annual increases, providing stable and growing cash flow. Above the retail space are two spacious two-bedroom apartments, both of which will be delivered VACANToffering flexibility for rental income or personal use. There is private yard space with room for parking, accessible via a shared gated driveway on 221st street. The location is incredibly convenient, situated near multiple MTA bus lines, major highways, and just minutes from UBS Arena. With super low annual taxes of only $5,985, this is a rare opportunity to own a turnkey investment in a prime, high-traffic area.
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School Ratings & Info
Description
Great opportunity to own a solid high income potential mixed-use building on the busy Jamaica Avenue in Queens Village. This three-unit property features a ground-floor retail space currently leased to a high-quality tenant through 2029 at $3,650/month with 3% annual increases, providing stable and growing cash flow. Above the retail space are two spacious two-bedroom apartments, both of which will be delivered VACANToffering flexibility for rental income or personal use. There is private yard space with room for parking, accessible via a shared gated driveway on 221st street. The location is incredibly convenient, situated near multiple MTA bus lines, major highways, and just minutes from UBS Arena. With super low annual taxes of only $5,985, this is a rare opportunity to own a turnkey investment in a prime, high-traffic area.
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