Elmhurst Homes with Multi Family Subtype

Elmhurst Homes with Multi Family Subtype

Elmhurst, located in Queens, New York, is a vibrant and diverse neighborhood that offers a mix of urban convenience and residential charm. Known for its tree-lined streets and cultural diversity, Elmhurst is a popular choice for those looking to settle in a bustling yet welcoming community.

For those interested in real estate in Elmhurst, multi-family homes are a prevalent subtype in this area. These properties are ideal for investors or homeowners looking to generate rental income by leasing out separate units within the same building. Multi-family homes in Elmhurst often feature a range of layouts and styles, providing options for various preferences and needs.

Whether you are considering investing in a multi-family property for rental purposes or looking for a home that offers additional space for extended family members, Elmhurst's real estate market has options to suit your needs. With its convenient location, diverse community, and range of housing options, Elmhurst presents an attractive opportunity for those seeking a dynamic living experience in Queens, New York.

Newest Elmhurst Homes with Multi Family Subtype

$2,500,000
1008456 MLS
Calling All Investors, Developers, & End-Users!!! 100% Occupied 5 Unit Free Market Apartment Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, (1) 5 Br. Apartment, (1) 3 Br. Apartment, (2) 2 Br. Apartments, (1) 1 Br. Apartment, Basement, Rear Yard, Private 2 Car Garage, Private Driveway, 6 Parking Spaces, High 8’ Ceilings, 200 Amp Power, Updated Electrical Wires & Panels, New Boiler Installed In 2023, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst Right Near The Queens Center Mall!!! The Property Is Situated Between I-495 (L.I.E.), Woodhaven Blvd., & Queens Blvd.!!! Neighbors Include Citibank, Bank of America, T-Mobile, Costco, Target, Macy’s, Retro Fitness, Applebee’s Bar & Grill, The Cheesecake Factory, Shake Shack, Olive Garden, Popeye’s Louisiana Kitchen, Quest Diagnostics, Walgreens, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: LL (3 Br. Apt.): $30,000 Ann.; M-M. 1st Fl. (5 Br. Apt.): $48,000 Ann.; M-M. 2nd Fl. (Front 1 Br. Apt. ): $14,700 Ann.; M-M. 2nd Fl. (Rear 2 Br. Apt.): $29,160 Ann.; M-M. 3rd Fl. (2 Br. Apt.): $27,000 Ann.; M-M. 2 Car Garage: $2,400 Ann. 1 Car Parking: $1,800 Ann. 1 Car Parking: $1,800 Ann. 1 Car Parking: $1,200 Ann. Gross Income: $156,060. Ann. Expenses: Oil: $8,000. Ann. Electric: $2,070. Ann. (Hallway & Boiler Only) Water & Sewer: $2,543 Ann. Insurance: $3,568 Ann. Snow & Landscaping: $0 Ann. Maintenance: $2,500 Ann. Taxes: $17,746 Ann. Total Expenses: $36,427 Ann. Net Operating Income (NOI): $119,633 Ann.

8625 59th Avenue, Elmhurst

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