8630 Grand AveElmhurst, NY 11373

This exceptional ten-unit multifamily property, located at 8630 Grand Ave Unit 10, Elmhurst, NY, presents a compelling investment opportunity. Completely rebuilt in 2018, this elevated building boasts a prime location in a safe and desirable residential area, surrounded by shops and convenient public transportation. The property comprises two one-bedroom apartments, seven two-bedroom apartments, and one studio apartment, totaling 9,359 square feet. Six units feature two bathrooms. All units are currently rented at market rates to responsible tenants, who are responsible for their own utilities. Interior features include large windows providing ample natural light, tiled floors, and stainless steel appliances. Residents enjoy open city views. The building's convenient location offers easy access to subway and bus stations, with the Queens Shopping Center nearby. Schools and other amenities are also within close proximity. The property benefits from a low annual property tax. Four parking spaces are available in the rear. The extra-long lot features a beautifully landscaped front yard. The building's excellent condition, high occupancy rate, and strong rental income make it an ideal investment for both owner-occupancy and 1031 tax exchange purposes. The building dimensions are 42 feet by 55 feet.