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Single Family House for Sale in Far Rockaway, New York, Queens, NY 11691 | Web ID: 1014339 | $1,100,000

329 Beach 29th Street , Far Rockaway , NY 11691

 
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Property Description

Excellent Investment Opportunity In The Heart Of Far Rockaway! Well-maintained 4-family Property Featuring One Occupied Unit Generating $3, 600/month In Rental Income And Three Vacant Units Ready For Immediate Lease-up Or Owner Occupancy. Market Rents Are Estimated At Approximately $2, 700/month Per Vacant Unit, Offering A Projected Gross Rental Income Of Up To $11, 700/month When Fully Occupied. The Property Offers Spacious Apartments With Hardwood Floors, Updated Kitchens And Baths, Abundant Natural Light, And Separate Entrances. The Building Features A Desirable Layout, Private Driveway Access, And A Large Side Yard. Conveniently Located Near Transportation, Shopping, Schools, Parks, And The Beach. Perfect For Investors Seeking Strong Cash Flow Potential Or Owner-occupants Looking To Offset Expenses With Rental Income. Vacant Units Provide Flexibility For Immediate Rent Increases And Tenant Selection. Projected Gross Rent Roll: Unit 1 (occupied): $3, 600/month Unit 2 (vacant): Approx. $2, 700/month Unit 3 (vacant): Approx. $2, 700/month Unit 4 (vacant): Approx. $2, 700/month Potential Gross Income: Approximately $11, 700/month ($140, 400/year).

Property Information

Location/Town New York
Area/County Queens
Post Office/Postal City Far Rockaway
Prop. Type Single Family House for Sale
Tax $11,679.00
Year Built 1931
Basement Full
Construction Aluminum Siding
Total Units 4
Lot SqFt 3,800
Cooling None
Heat Source Natural Gas
Util Incl Natural Gas Available
Days On Market 42
Parking Features Driveway
Tax Assessed Value 145800
Units 4
School District Queens 27
Middle School August Martin High School
Elementary School Goldie Maple Academy
High School Epic High School North
Features First floor bedroom
Listing information courtesy of: Royal Realty Group Inc

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  • 103-13 Queens Blvd., Forest Hills, NY 11375
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