Jamaica, NY 11432
$1,349,000
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!
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Listed by Neighborhood Elite Homes LLC