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About the Listing CHSG01 - 181274
Excellent investment opportunity in the heart of Elmhurst! Legal 7-family residential building located at 88-34 54th Ave, built in 2020 and well maintained. This income-producing property features approximately 5,526 SF of building area on a 25 x 100 lot, with 4 stories plus basement and separate entrances, offering a practical and efficient multi-unit layout. The property includes 7 residential units, 8 electric meters, and 7 gas meters. Each unit is equipped with modern finishes, including hardwood floors, marble countertops, individual wall-mounted heating systems, and gas stoves. Current projected full-rent gross income is approximately $20,850/month, or up to approximately $250,200/year, offering strong income potential. Low annual property tax of approximately $2,496 with tax abatement benefits. Conveniently located in central Elmhurst near supermarkets, restaurants, shopping, schools, and public transportation, with easy access to the M/R subway lines and surrounding Queens neighborhoods. A rare legal 7-family building with low taxes, strong rental potential, and prime Elmhurst location. Buyer to verify all income, expenses, taxes, leases, and property information independently.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,496
- Taxes w/Assessments: N/A
- Tax/Property ID: 01840-0013
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
8834 54th Ave Elmhurst, NY 11373
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