$1,100,000

House for sale Jamaica
Property photo number 1 of 16 Photos for Property. File  104921492_29_99458991aa8f6fdece7c0f0dc1c2df2b.jpeg

Overview

SUMMARY: Discover an opportunity with this Jamaica house for sale and available for $1,100,000. This could be your next ideal home or a smart investment. More details await.
Exceptional Mixed-Use Investment Opportunity in the Heart of Queens One of the best-priced renovated mixed-use investment properties currently available in Queens. A rare opportunity to acquire a vacant, income-producing asset with exceptional cash flow potential. Don't miss
this rare opportunity to acquire a renovated, vacant 3,800 SF mixed-use building in a prime Sutphin Blvd location. Featuring (4) renovated units with a total of 7 bedrooms and 4 bathrooms, this turnkey property offers immediate income potential for investors or owner-users alike. The building includes one commercial storefront with excellent visibility on Sutphin Blvd and three renovated residential apartments, all delivered vacant, allowing the new owner to lease at current market rents from day one. Additional highlights include 12-foot ceilings a large finished basement, and strong upside in one of Queens' most active commercial corridors. Based on estimated market rents, the property offers projected gross annual income exceeding $160,000, representing an estimated ~12% capitalization rate at full occupancy. Property Features: * Approximately 3,800 SF * (4) Renovated Units * 7 Bedrooms 4 Bathrooms * Prime Mixed-Use Building * 12-Foot Ceilings * Large Basement * Vacant * Strong Investment or Owner-User Opportunity Unit Mix: * Unit #1 - Retail Storefront * Unit #2 - Three-Bedroom Apartment * Unit #3 - Two-Bedroom Apartment * Unit #4 - Two-Bedroom Apartment **Seller financing may be available to qualified purchasers with a substantial down payment.** **Buyer's responsibility to verify all information.**
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Details

  • Beds: 7
  • Baths: 4
  • Price: $1,100,000
  • Reference No.: 94733409

Location

Marketed by:

  • Eric Santiago
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