Discover an exceptional investment opportunity with this 19-unit building located in the highly desirable neighborhood of Woodside, Queens. This property offers a fantastic blend of prime location, solid income, and recent upgrades, making it an attractive addition to any investor's portfolio. It features 17 one-bedroom apartments and 2 two-bedroom apartments with four recently renovated units enhancing the appeal and rental value of the property. The property generates a substantial annual income of $372,151.20 with a cap rate of 6.47%. It is located just one block from the 7 subway train and the Q47 bus lines near shopping and dining hubs on Roosevelt and Woodside Ave.
Legally Registered Rents: $454,053.72
Preferential Total Income: $372,151.20
Total Expenses: $146,459.96
Total Net Income: $225,691.24
Cap Rate: 6.47%
YEARLY EXPENSES:
Insurance: $23,000
Taxes: $80,009
Gas & Electric: $9,747.59
Water & Sewer: $9,703.37
Super: $24,000