Property summary
This well-maintained brick building at 9524 42nd Ave, Elmhurst, NY, presents a compelling investment opportunity. The property boasts a total of 2,100 square feet and features five residential units. The layout includes a two-bedroom apartment on the first floor with convenient access to a lower-level accessory space, ideal for storage or additional living area. The second floor comprises two studio apartments, one in the front and one in the back of the building. The third floor offers two one-bedroom duplex units, each extending to the fourth floor, providing ample living space for tenants. The building benefits from off-street parking in front, a valuable amenity in this location. The roof has been recently refinished in 2024, ensuring long-term structural integrity and minimizing maintenance concerns. Each unit has its own hot water heater. The property's "Very Good" appearance reflects its well-maintained condition and potential for strong rental income. This semi-attached building offers a blend of convenience and privacy, making it an attractive option for both tenants and investors. The property is located in Elmhurst, NY, offering easy access to local amenities and transportation. This is a turnkey investment ready for immediate income generation.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R5 · Flushing, NYZoning
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Zoning designation
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