55-14 98Th St Flushing, NY 11368
Well-maintained 6-unit residential building near Long Island Expressway.
Building Details
- Year built
- 1988
Source:
Elliman
Listing Agent: Deven Bell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Residential Building Investment Opportunity
This well-maintained residential building features six total rental units. One tenant is confirmed to be moving out, providing immediate potential for rent increases or updates. The remaining tenants are on flexible month-to-month leases, including one Section 8 rental, ensuring consistent income. The property generates between $9,000 and $10,000 in monthly rental income, including an additional $300 from the parking space in the front. The building layout consists of one unit in the basement, two on the 1st floor, one on the 2nd floor, and two on the 3rd floor, totaling 13 bedrooms and 7 bathrooms. Conveniently located near the Long Island Expressway (I-495), this property is perfectly situated for easy access to transportation and local amenities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.872373
- Latitude
- 40.769605
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FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit residential building near Long Island Expressway.
Where is this apartment building located?
The property is located at 55-14 98Th St Flushing, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: - High monthly rental income: Generates between $9,000 and $10,000, including $300 from parking.; - Six total rental units, providing a substantial investment opportunity.; - **One vacant unit allows for immediate rent increase or updates.**