Apartment details

City: Jamaica
Borough: Queens
Building: 86-03 85th Street, Jamaica NY 11421
Unit:
Pets policy: No Pets

Amenities

•  Garage

Description

OFFER ACCEPTED. NO MORE SHOWINGS. This investment is a no-brainer! 86-03 85th Street in Woodhaven, Queens, is a two-family, gracious home with private parking and a backyard. You can live in one of the apartments while enjoying rental income that offsets your monthly expenses. Each apartment is currently set up as a 2 bedroom/1 bathroom plus a formal dining room, large living room, and sun room (and numerous closets -- see floor plan). Less than one block from the 85th Street stop on the J train, you'll come home to beautiful hardwood floors, original details and lots of light. If you're buying solely as an investment, the current cap rate is 4.5% with below-market rents. With slight increase in monthly rental income, cap rate easily reaches 5%. Property will be delivered vacant. 24-hour notice is required for all showings. This is a semi-detached home with quiet backyard. Mechanicals and roof are in good shape. Washer and dryer in basement. 86-03 85th Street is an excellent opportunity for investors and end-users alike.

Listing broker

Alison McQueen

Source

Rolex