Calling All Investors, Developers, & End-users!!! 5 Unit Free Market Apartment Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R5 Zoning, High 8’ Ceilings, Full Basement, Private Driveway & Garage, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New Led Lighting, A/c, +++!!! The Property Is Located In The Heart Of Elmhurst 2 Blocks Off Queens Blvd. Near The I-495 Woodhaven Blvd. Exit!!! The Property Is Situated Minutes From Queens Center & Rego Center!!! Neighbors Include Apple, Starbucks, Verizon, Usps, Target, Victoria’s Secret, Walgreens, Adidas, Marshalls, Shake Shack, Burlington, White Castle, Aldi, +++!!! This Property Offers Huge Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 1st Floor Studio: $18, 000 Ann.; M-m. 1 Br. Apt.: $24, 000 Ann.; M-m. 2nd Floor 3 Br., 2 Bath Apt.: $54, 000 Ann. (available) 3rd Floor Front (1 Br. Apt.): $22, 800 Ann.; M-m. Rear (1 Br. Apt.): $21, 000 Ann.; M-m. Ll Unit.(1 Br. Apt.): $19, 200 Ann.; M-m. Garage: $8, 500 Ann. (available) Pro Forma Gross Income: $167, 500 Ann. Expenses: Gas: $3, 200 Ann. Electric: $1, 400 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $2, 800 Ann Insurance: $3, 263 Ann. Taxes: $30, 618 Ann. Total Expenses: $41, 531 Ann. Net Operating Income (noi): $125, 969 Ann. (pro Forma 6.46 Cap!!!)