$725,000
$725,000
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4 Beds
3 Baths
SOLD DATE : 03/27/2019
Key Details
Sold Price $725,000
Property Type House
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision Woodhaven
MLS Listing ID CORC-5620530
Sold Date 03/27/19
Style Prewar
Bedrooms 4
HOA Y/N No
Year Built 1920
Property Description
OFFER ACCEPTED. NO MORE SHOWINGS. This investment is a no-brainer! 86-03 85th Street in Woodhaven, Queens, is a two-family, gracious home with private parking and a backyard. You can live in one of the apartments while enjoying rental income that offsets your monthly expenses. Each apartment is currently set up as a 2 bedroom/1 bathroom plus a formal dining room, large living room, and sun room (and numerous closets -- see floor plan). Less than one block from the 85th Street stop on the J train, you'll come home to beautiful hardwood floors, original details and lots of light. If you're buying solely as an investment, the current cap rate is 4.5% with below-market rents. With slight increase in monthly rental income, cap rate easily reaches 5%. Property will be delivered vacant. 24-hour notice is required for all showings. This is a semi-detached home with quiet backyard. Mechanicals and roof are in good shape. Washer and dryer in basement. 86-03 85th Street is an excellent opportunity for investors and end-users alike.
Location
State NY
County Queens
Building Detail https://www.elegran.com/nyc/buildings/86-03-85th-street&sold-listing=true
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 2
Others
Pets Description Building No
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RLS Data display by Elegran | Forbes Global Properties