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Keller Williams Landmark II
Keller Williams Landmark II
![[Corona Real Estate, listing number 7296772]](https://www.vlshomes.com/images/full/7296772a.jpg)
| Description: 7296772 | |
| Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. Itâ??s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately. | |
Details: |
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| Families: | 6 | |
| Property Type: | Mid Rise | |
| Acres: | 0.05 | |
| Built: | 1931 | |
| School District: | Queens 24 | |
Financials: |
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| Price: | $965,000 | |
| Taxes: | $21,372 | |
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