City Advance Realty Inc
Listed by City Advance Realty Inc
$2,550,000
38-11 111th Street
Details
APN 01783-0007
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $139,660
Year Built 2004
Acreage 3688.000
Zoning R5
Parking Spaces spaces
Multifamily | 6 Units
Marketing description
Well-maintained 6-family residential building located in Corona, approximately one block from the 7 Train. The property offers approximately 5,515 ft of building area situated on a 3,688 sq ft lot, with building dimensions of approximately 20.50x68.38. Features include a fully finished basement, front and rear balconies, backyard, and three parking spaces. The building is equipped with 6 gas meters and 7 electric meters. The property is currently fully occupied with a residential rent roll of approximately $13,370 per month. In addition, the property currently generates additional income from basement and ancillary space. Annual property taxes are currently approximately $1,380, with a tax abatement in place (buyer to verify remaining term). Conveniently located near transportation, shopping, and neighborhood amenities. All information deemed reliable but not guaranteed. Buyers should independently verify all information.
Listing Contacts
City Advance Realty Inc
Listed by City Advance Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,660.00
$11,638.33/mo
Valuation Metrics
0
DSCR
5.48%
Cap Rate
5.48%
ROI
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