99th 25Th AveEast Elmhurst, NY 11369

For Sale
$1,499,000

Renovated 3-Family, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property, located at the intersection of 99th Street and 25th Avenue in East Elmhurst, New York, presents a compelling investment opportunity. The fully renovated building boasts a total of 2,297 square feet and comprises three distinct residential units. The ground floor unit offers a spacious and modern layout, featuring three bedrooms, one bathroom, and an open-plan kitchen. The lower level, accessible via a separate entrance, includes two bedrooms, one bathroom, and benefits from high ceilings. The second floor is divided into a one-bedroom and a two-bedroom apartment. All units are currently in excellent condition, ensuring immediate rental income potential. Adding to the property's appeal is a convenient two-car garage, providing ample parking. Tenants are responsible for all utilities except water, minimizing the owner's operational expenses. The property's strategic location offers easy access to LaGuardia Airport, a variety of shops and restaurants, local schools, and major highways, contributing to its strong growth potential. This turnkey investment is priced at $1,499,000 and offers a rare blend of immediate income and long-term appreciation prospects in a desirable New York City neighborhood. The property's zip code is 11369.

Highlights

  • $1,499,000 asking price.
  • Mixed-use property totaling 2,297 square feet.
  • Fully renovated three-family home in East Elmhurst, NY.
  • Features include a three-bedroom, one-bath first-floor unit, a two-bedroom, one-bath basement unit with separate entrance, and two additional upper-floor units.
  • Includes a two-car garage and tenant-paid utilities (excluding water).
  • Excellent location near LaGuardia Airport, shopping, dining, schools, and major highways.

Location Insight

City
East Elmhurst
County
36081
State
New York
Latitude
40.7647272
Longitude
-73.870864
99th 25Th Ave, East Elmhurst, New York

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99th 25Th Ave
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