Description
This excellent four-family property in the heart of Middle Village generates a projected total gross income of $101,400 with a 6.03% cap rate starting July 1, 2025making it a standout opportunity for those seeking stable, long-term rental income in a prime location. This property features a legal walk-in basement and is equipped with 4 gas meters and 4 electric meters. Recent upgrades include a new hot water heater (2022), new chimney lining, granite stoop, newly tiled basement floors, and a roof redone 8 years ago. The owner pays for heat, hot water, and also covers electric and cooking gas for the basement unit, which is currently occupied by the building's super. Tenants on the 1st and 2nd floors pay their own electric and cooking gas. Ideally situated just two blocks from Juniper Valley Park and close to the vibrant shops and restaurants on Metropolitan Avenue, with easy access to the Q38 and Q67 buses and less than a mile from the M subway linethis property is an ideal addition to any investment portfolio.
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6BEDS
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0.05ACRES
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5BATHS
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01/2 BATHS
School Information
Description
This excellent four-family property in the heart of Middle Village generates a projected total gross income of $101,400 with a 6.03% cap rate starting July 1, 2025making it a standout opportunity for those seeking stable, long-term rental income in a prime location. This property features a legal walk-in basement and is equipped with 4 gas meters and 4 electric meters. Recent upgrades include a new hot water heater (2022), new chimney lining, granite stoop, newly tiled basement floors, and a roof redone 8 years ago. The owner pays for heat, hot water, and also covers electric and cooking gas for the basement unit, which is currently occupied by the building's super. Tenants on the 1st and 2nd floors pay their own electric and cooking gas. Ideally situated just two blocks from Juniper Valley Park and close to the vibrant shops and restaurants on Metropolitan Avenue, with easy access to the Q38 and Q67 buses and less than a mile from the M subway linethis property is an ideal addition to any investment portfolio.
© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2025-05-23T00:18:20.52.