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Single Family House for Sale in Maspeth, New York, Queens, NY 11378 | Web ID: 990773 | $1,399,999

5427 Arnold Avenue , Maspeth , NY 11378

 
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Property Description

New Price– Now $1, 399, 999! Rare 6-family Corner Building | $110k+ Income | Vacant Unit At Closing 5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-car Private Driveway Only $1, 399, 999! Don't Miss This Exceptional Opportunity To Own A Rare 6-family Income-producing Property In Maspeth, Queens - One Of The Most Desirable And Stable Rental Markets In The Borough. Known For Its Low-density Character And Strong Tenant Demand, Maspeth Is Primarily Composed Of 1–4 Family Homes, Making A Property Of This Size A Rare Find. This Sunny 3-story Corner Building Offers Excellent Natural Light, Strong Long-term Investment Potential, And Is Currently Generating Over $110, 000 In Annual Rental Income From 5 Of Its 6 Apartments. The 6th Apartment Is Owner-occupied And Will Be Delivered Vacant At Closing, Providing A Rare Opportunity For An Owner-occupant Or The Potential To Further Increase Rental Income And Overall Cash Flow. Property Highlights Price Reduced To $1, 399, 999 6 Total Apartments 5 Income-producing Units 1 Unit Delivered Vacant $110, 000+ Annual Income Rare 6-family Building In A Neighborhood Dominated By 1–4 Family Homes Sunny Corner Location With Excellent Natural Light Full Basement Private Backyard Fenced Private Driveway With Parking For 2 Cars Min. Convenient Access To Major Highways, Shopping, Restaurants, And Local Amenities Whether You're An Investor Seeking Stable Cash Flow And Long-term Appreciation Or An Owner-occupant Looking To Offset Expenses With Rental Income, This Unique Maspeth Property Presents A Rare Opportunity In A Highly Desirable Queens Neighborhood. Price Improvement – Now Offered At $1, 399, 999. Schedule Your Private Showing Today.

Property Information

Location/Town New York
Area/County Queens
Post Office/Postal City Maspeth
Prop. Type Single Family House for Sale
Tax $12,215.00
Year Built 1915
Basement Finished, Full, Partially Finished
Construction Brick, Vinyl Siding
Total Units 6
Lot SqFt 2,500
Cooling None
Heat Source Natural Gas, Other
Util Incl Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Days On Market 102
Lot Features Back Yard, Private
Parking Features Private
Tax Assessed Value 329400
Units 6
Features Open floorplan, other
Listing information courtesy of: BLT Minimax Realty Inc

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  • 103-13 Queens Blvd., Forest Hills, NY 11375
  • Email: info@realtydepotny.com
  • Phone: 718-896-0777
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