90-02 97th Avenue
Prime Ozone Park Queens EXCLUSIVE Totally Newly renovated legal 5 family FOR SALE Free market rental income producer with current 6% CAP rate fully occupied! Semi attached featuring new full finished basement with insulated wall & concrete water proofed & new gas boiler & gas hot water with fireproof walls & new updated electric circuit breaker wiring! Private enclosed backyard with 4 car parking!
School district 27 walk 0.319 to train station & all buses , shopping & restaurant!
- 1st floor huge 4 bedrooms with large Living room & new modern EIK plus 2 bath paying $ $2,650 a month!
- 2nd floor Front 2 bedrooms with LR, EIK paying $ 1,800 a month 2nd Floor Rear 2 bedroom with LR & EIK paying $ 1,900 a month!
- 3rd floor front 1 bed + huge LR, EIK paying $ 1,650.00 a month plus 1 car parking addt. $ 125.00 a month 3rd floor rear large 2 bed , LR, & EIK paying $ 2,000.00 a month;
- plus 2 other parking spot $ 220.00 (for 2 cars month)
- total yearly income $ 121,140.00 on a 24 x 100 lot building size $ 24 x 50 on R4-1 zone!
Shown by appointment only 48 hours prior to - All unit has NO lease month to month occupancy tenant occupied!
- MLS Number: 437383
- style: High Ranch
- Rental: No
- Featured Listings: Yes
Interior Features
Actual Income(Investor/Buyer)
Gross Income 124140
Operating expense:
Insurance 2700
Property Management
Maintenance/heat/w/s/ 12100
Taxes 23000
Gross Expense: 37800
Net Income: 86340
Purchase Price: 1500000
Cap Rate: 6%
