Property Description

Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied.The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach.Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection.Projected Gross Rent Roll:Unit 1 (Occupied): $3,600/monthUnit 2 (Vacant): Approx. $2,700/monthUnit 3 (Vacant): Approx. $2,700/monthUnit 4 (Vacant): Approx. $2,700/monthPotential Gross Income: Approximately $11,700/month ($140,400/year).

Property Features

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