| Description: 7093293 | |
| Located in the vibrant neighborhood of Woodside, this remarkable brick 12-family residence stands as a testament to both classic charm and modern convenience. Situated just a block away from the bustling 7 Train, commuting is a breeze, offering unparalleled accessibility to the heart of New York City. This money-making gem, boasting 12 units across three stories, presents a lucrative investment opportunity. Built in the 1920s, the building exudes timeless appeal, while its recent updates ensure comfort and functionality for its occupants. Comprising a thoughtful mix of seven cozy studio apartments and five spacious one-bedroom units, each ranging from 550 to 650 square feet, this property caters to diverse lifestyles. With such versatility, there's ample potential to attract a wide range of tenants, ensuring consistent rental income. The building's prime location and well-maintained condition further enhance its appeal. Its proximity to the 7 Train not only guarantees convenience for residents but also adds to its investment value. The cleanliness and upkeep of the property reflect a commitment to excellence, promising a hassle-free ownership experience. For those seeking an investment opportunity that promises both steady returns and low maintenance, this 12-family building in Woodside is the answer. Don't miss out on the chance to explore its potential – call today to arrange an exclusive viewing at your convenience. Investment Highlights Stable Income: With 12 units in the building, you have multiple streams of rental income, providing stability even if one or two units are vacant at any given time. Prime Location: Situated just a block away from the 7 Train, the property offers excellent connectivity to New York City, making it highly attractive to tenants who rely on public transportation. Mixed Unit Types: The mix of studio and one-bedroom apartments caters to a diverse tenant demographic, allowing for flexibility in rental rates and appealing to a broader range of potential renters. Upside Potential: Despite its current success, there's still room for growth. With careful management and strategic updates, you could potentially increase rental rates further or add value through property improvements. Historical Charm with Modern Comforts: Built in the 1920s, the building exudes historical charm, attracting tenants who appreciate character. Yet, recent updates ensure that it meets modern standards of comfort and convenience, appealing to a wide range of renters. Low Maintenance: The property has been well-maintained, minimizing the need for immediate repairs or renovations. This translates to lower operational costs and a more straightforward investment experience. Strong Rental Market: Woodside is a desirable neighborhood with a strong rental market, ensuring a steady demand for housing. This stability reduces the risk associated with vacancies and ensures consistent cash flow. Professional Management: With the right property management team in place, you can streamline operations, handle tenant concerns efficiently, and maximize profitability while minimizing your involvement. Historical Appreciation: Real estate in established neighborhoods like Woodside tends to appreciate over time, providing long-term capital appreciation in addition to rental income. Diverse Investment Portfolio: Owning a 12-family property diversifies your investment portfolio, spreading risk across multiple units and tenants rather than relying on a single property. These investment highlights showcase the potential of the 12-family property in Woodside as a lucrative and resilient investment opportunity. |
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Details: |
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| Property Type: | OTHER | |
| Square Feet: | 6364 | |
Financials: |
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| Price: | $2,400,000 | |
| Taxes: | $31,910 | |
