Legal 7-family located in a highly sought-after area of Corona offering over 6% CAP rate. The property comprises one duplex 3-bedroom unit and six 1-bedroom units, all of which are currently fully leased, and all units are sub-metered, Tenant pays their own utilities making it a low-maintenance investment opportunity. The property has significant tax savings with a 421 tax abatement, the property is expected to generate strong cash flow and appreciate in value over time. Situated in the vibrant neighborhood of Corona, residents benefit from the convenience of being close to a plethora of amenities, including shopping centers, restaurants, schools, parks, and public transportation options.
Bedroom: 9 Full Bath: 8 Other: 7
Lot Sq Ft: 2500 Approx. Int. Sq. Ft.: 5116.00 Parking Spaces: Yes Parking Facilities: Other
Heat: Natural Gas, Baseboard A/C: None Water: Public Sewer: Public Sewer
Taxes: $1,716
School District: Queens24 Block: 1938 Lot: 19
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