Overview

Welcome to an exciting opportunity in the heart of Glendale, Queens! This beautiful brick 3 family house is a spacious and charming property that offers an array of possibilities for the savvy investor or end-user. With its generous 19ft width and 75ft depth, this house is perfect for comfortable living and is an income-generating property. The three separate apartments are rented out and bring in steady cash flow. The first-floor duplex with 3 bedrooms and 1.5 bathrooms comes with access to a private yard and is currently rented out for $2500 per month. On the second floor, you will find two additional apartments, one at the front with 1 bedroom and 1 bathroom rented out for $1200 per month, and one at the rear with 2 bedrooms and 1 bathroom rented out for $1800 per month. None of the current tenants have leases. This property is located in a highly desirable neighborhood of Queens and has easy access to transportation via the Q55 bus on Myrtle Avenue, which takes only 18 minutes to reach the L and M trains, making commuting a breeze. The property is also located near shops and amenities on Myrtle Avenue. In addition to the fantastic living spaces, this property also has other key features, including an annual tax of $8277, an annual water and sewer tax of $1400, an annual insurance policy of $2200, and an annual heat and gas bill of $5000. The property boasts a spacious 2850 sq ft with a finished basement, and it is constructed from solid brick. It also has a roof that is 4 years young with a skylight, a new water tank, and an updated boiler. Don’t miss out on this incredible investment opportunity to own a spacious and comfortable 3 family home in one of Queens’ most sought-after neighborhoods. Selling as fully occupied building. No vacancies. In the future you may be able to use this as your primary residence and collect two other incomes!