Property Description

Presenting a fantastic opportunity to acquire a well-maintained 12-unitmultifamily building located in the highly sought-after neighborhood ofAstoria, Queens. Built in 2004, this modern building boasts a desirable mix of8 one-bedroom apartments and 4 two-bedroom apartments, offeringexcellent rental demand and consistent income potential, with plenty ofupside in the current rental rates due to the possibility of free market lease conversion on lease renewals.The property features a super-low vacancy rate , highlighting its strongappeal to tenants and providing immediate cash flow for investors. Each unitis equipped with separate utilities, ensuring low maintenance costs andminimal management hassle. The building is strategically located in one ofQueens' most vibrant areas, known for its diverse culture, thriving diningscene, and easy access to public transportation and Manhattan.This is a prime investment opportunity for both seasoned investors and thoselooking to break into the thriving Astoria market. With a strong rental historyand a solid construction foundation, this property offers long-term value andgrowth potential with the free market lease conversion plus the installation oflaundry facilities. Don't miss the chance to own a piece of Astoria's realestate boom!

Property Features

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