Apartment details

City: Flushing
Borough: Queens
Building: 150-16 Jewel Avenue, Flushing NY 11367
Unit: 54A
Pets policy: Pets OK

Amenities

•  Garage
•  Dining Room
•  River View
•  Park View

Building amenities

•  Garage

Description

Amazing investment opportunity. <br>the house value was estimated at $200,000 market value and it has a stabilized tenant in place for the past few decades. Tenant is always paying rent on time! Monthly rent paid is $992.20 and it increases every year or two! <br>monthly charges are only $663.29, leaving you with a positive cash flow of $328.91 net per month and almost $4000 per year and it still increases. <br>This is a great opportunity to just collect positive and secure cash flow, while waiting for the apartment to be at full market rental value again, or renovate and flip it in the future and multiply your investment easily!<br>Nothing similar in the nyc market! <br>buy your future home now, at half price of it's market value.<br>Owner is motivated to sell!<br>THIS WON'T LAST!<br>great location and building surrounding by green landscaped! ideal location in flushing! <br>apartment is approx 850SF!!! with two exposures and lots of light!<br><br><br><br><br><br>

Listing broker

Nadav Gutman

Source

Rolex