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$1,599,000
6 Beds 3 Baths 1048630 MLS
Discover a premier investment or ultimate live-with-income residence in the heart of Elmhurst, Queens. Sited on a 25x100 lot, this detached multi-family property will be delivered 100% vacant at closing, allowing you to set premium market rents from day one. The building generates a proven gross annual rental income of $102,000, representing a solid 5.07% Capitalization Rate in a completely free-market, non-rent-stabilized environment. The property underwent a high-end architectural gut renovation in 2008, fully replacing all underlying infrastructure—including modernized electrical wiring, updated plumbing networks, and rich hardwood floors. Fully separate utility meters for the first and second floors drastically minimize landlord oversight and protect operating margins. Intelligent Multi-Level Layout: The home features a main secure entryway that opens into a private interior vestibule, providing dedicated, separate locked entrances to each of the three independent apartments: First Floor: Fully renovated 2-Bedroom (easily reverted to 3-BR) featuring a large living room, eat-in kitchen with brand new appliances, full bathroom, in-unit washer/dryer, and direct access to a paved, secure, gated backyard with an oversized awning. Second Floor: Independent, sun-drenched 3-Bedroom, 1-Bathroom apartment with a spacious living area, modern eat-in kitchen with a dishwasher, and dedicated brand new laundry washer/dryer. Finished Basement: Completely finished with an expansive open loft layout, featuring a legal full bathroom and a dedicated kitchen/bar area. Complete with a private entrance and electric stove, this versatile space is perfect for an owner's suite, guest quarters, home office, or auxiliary recreation. All basement utilities are included. Location & Amenities: - Parking: Secure shared driveway protected by a permanent easement, comfortably accommodating off-street parking for multiple vehicles. - Transit: Unbeatable commuter location just two blocks from Queens Boulevard. A seamless 20-minute commute to Manhattan via the Grand Ave–Newtown M/R subway station and Q29 bus line. - Lifestyle: Moments from Queens Center Mall, Target, Best Buy, Rego Park Shopping Center, and Elmhurst Hospital. - Education: Adjacent to the prestigious P.S. 102 Bayview (holding an elite 9/10 ranking). Gross Rental Income 102,000 Vacancy Loss (5,100) -------------------------------------------- Effective Gross Income 96,900 Property Taxes (7,145) Operating Expenses (9,238) -------------------------------------------- Total Expenses (16,383) ========================= Net Operating Income 80,517

85-25 56th Avenue, Elmhurst

$1,599,999
10 Beds 6 Baths 1030832 MLS
Exceptional investment opportunity in the heart of Elmhurst! This legal 4-family property offers over 2,600 sq. ft. of living space on a generous 3,500+ sq. ft. lot, presenting endless potential for investors and end-users alike. This oversized building features a front 1 Bedroom unit and a rear 2 Bedrooms unit on the 1st fl, a front 3 bedrooms unit and a rear 2 Bedrooms unit on the 2nd fl, a full finished attic with 2 Rooms and a bath, a full finished basement with 2 separate entrances and bath, a private driveway, and a detached Garage. Located in one of Queens' most sought-after neighborhoods, this is your chance to own a true Elmhurst gem with strong income-producing potential. Conveniently situated within walking distance to Junction Blvd., Corona Ave., shopping, dining, public transportation, and the renowned Queens Center Mall. Opportunities like this are rare—don't miss your chance to invest in one of New York City's most desirable and rapidly appreciating neighborhoods.

9425 54th Avenue, Elmhurst

$1,499,000
7 Beds 3 Baths 1023779 MLS
Welcome to 87-14 56th Avenue, Elmhurst! Offered for the first time in over 25 years, this recently renovated, fully detached two-family home offers an exceptional opportunity in a prime location. Situated across from Queens Center Mall and close to shopping, restaurants, schools, public transportation, Queens Boulevard, and major highways, convenience is at your doorstep. Set on an approximately 2,500 sq. ft. R5-zoned lot, this property offers future potential for expansion or redevelopment (buyers are encouraged to verify all zoning and buildability with their architect and local municipality). The first floor features a formal living room, formal dining room, kitchen, three bedrooms, and a full bathroom. The second floor offers four bedrooms, a full bathroom, and a half bathroom. A full finished basement with a separate rear entrance provides additional flexible space. A private driveway adds valuable off-street parking. Perfect for owner-occupants, investors, or those seeking future development potential, this is a rare opportunity to own a centrally located Elmhurst property with endless possibilities.

8714 56th Avenue, Elmhurst

$1,799,000
1001556 MLS
Prime Elmhurst Income-Producing Building – Built in 2004, this solid brick mix-use ,3-family plus street-level store/office offering a modern, move-in-ready investment. The first floor features a 3-bedroom, 2-bath community facility space, perfect for a medical office, daycare, or similar use. The 2nd to 4th floors each offer spacious 3-bedroom, 2-bath apartments with bright living rooms and private balconies. A full finished basement with a separate entrance from the first floor provides additional flexibility. The property is outfitted with 3 boilers, 5 electric meters, and 3 gas meters. Ideally located near the 7 train (90 St/Elmhurst Ave), E/F/M/R trains, and Queens Center Mall, with shops, dining, and amenities just steps away.

8543 Britton Avenue, Elmhurst

$1,799,000
12 Beds 9 Baths 995004 MLS
Prime Elmhurst Income-Producing Building – Built in 2004, this solid brick 3-family plus street-level store/office offering a modern, move-in-ready investment. The first floor features a 3-bedroom, 2-bath community facility space, perfect for a medical office, daycare, or similar use. The 2nd to 4th floors each offer spacious 3-bedroom, 2-bath apartments with bright living rooms and private balconies. A full finished basement with a separate entrance from the first floor provides additional flexibility. The property is outfitted with 3 boilers, 5 electric meters, and 3 gas meters. Ideally located near the 7 train (90 St/Elmhurst Ave), E/F/M/R trains, and Queens Center Mall, with shops, dining, and amenities just steps away.

8543 Britton Avenue, Elmhurst

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.