Property Description

Excellent investment opportunity in the highly sought-after neighborhood of Rosedale! This well-maintained two-family home features 3 bedrooms over 3 bedrooms, plus a finished basement.The first floor and finished basement are currently tenant-occupied on a month-to-month basis with no lease, while the vacant second-floor unit offers 3 bedrooms, 1 full bathroom, and a finished attic, making it ideal for an owner-occupant or an investor seeking immediate rental income.The property is currently generating approximately a 3% cap rate, with the potential to increase to nearly 6% by renting the vacant second-floor unit at market value. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers exceptional upside potential.Conveniently located near shopping, schools, parks, public transportation, and major highways, this is a rare opportunity to own a solid income-producing property in one of Queens' most desirable neighborhoods.The seller is motivated and looking for a qualified buyer to take advantage of this exceptional investment opportunity. Don't miss your chance to own this Rosedale gem!

Property Features

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