Presenting a rare chance to acquire a well-maintained, income-generating property in the heart of Maspeth. This mixed-use building features four spacious one-bedroom residential units situated above a street-level commercial space currently operating as a deli. The property generates a strong Net Operating Income of approximately $90,000 annually, making it an excellent option for both seasoned investors and those entering the market.
The building is exceptionally clean and fully occupied by reliable, long-term tenants. Significant recent upgrades have been made, including a brand-new boiler, new hot water heater, and updated plumbing throughout each apartment, reducing maintenance costs and improving operational efficiency.
With a high-traffic commercial storefront and solid residential rental history, this property offers immediate cash flow as well as tremendous upside potential for future value appreciation. Whether you continue with the current tenants or explore new possibilities, this property represents a stable and strategic addition to any investment portfolio.
Don't miss out on this opportunity to own a turn-key asset in one of Queens’ most established and desirable neighborhoods.
Active
$1,799,000
64-04 Flushing Ave #1, Maspeth, NY 11378
4beds
3,366sqft
SingleFamily
Built in 1923
-- sqft lot
$1,760,000 Zestimate®
$534/sqft
$-- HOA
What's special
High-traffic commercial storefrontSpacious one-bedroom residential units
- 151 days |
- 92 |
- 1 |
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