Property Description

Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of total building area, with each floor approximately 1,120 SF, and strong, stable rental income.The property consists of 4 residential units: 1 Two-Bedroom / 1 Bath unit 3 Three-Bedroom / 2 Bath unitsAdditionally, the basement is fully finished.Total rental income is $11,200/month, approximately $134,400/year. All tenants are long-term, stable, and well-qualified.Property comes with 5 years remaining on tax abatement, significantly reducing carrying costs. Current property tax is $150/month, or $1,800/year. Water expense is $1,350 every 3 months, and garbage expense is $200/month. Tenants pay their own electricity and gas; landlord is responsible for water, property tax, and garbage only, keeping operating expenses low.Conveniently located just 5 minutes' walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities.This is a turnkey investment - sold with all tenants in place as a package deal, as-is. No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation.A rare high-income-producing 4-family opportunity in Corona - don't miss it!

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