8716 55th Avenue

Elmhurst, NY 11373

Welcome to Elmhurst, New York, nestled in the ever-popular Queens borough. This fully detached two-family home is a dream for investors and renters alike. Whether you're searching for your next home or expanding your investment portfolio, rest assured that this property's value will continue to grow for years to come. First Floor: This spacious first-floor unit spans over 1,000 sq. ft. and offers three bedrooms and one bath. It features gleaming hardwood floors, full-size appliances, and abundant natural light. You'll appreciate the ample storage space provided by numerous closets. Additionally, the first floor grants access to a charming backyard porch, perfect for enjoying fresh air on sunny days. Second Floor: The top-floor unit spans over 1,000 sq.ft. and boasts three bedrooms and one bath, making the most of natural sunlight. Elevated just above the tree line, it offers a sense of tranquility above the bustling city. The open living and dining layout is complemented by a private sundeck at the rear of the home, providing views of Queen Center Mall. All bedrooms are generously sized, and even the coziest one comes with a spacious closet. The full bath is elegantly finished with dark tiles, offering a touch of luxury for unwinding after a long day. Basement: The basement space nearly mirrors the property's footprint and offers potential as a two-bedroom living space or a future income generator. With a ceiling clearance of 6 1/2 feet, you won't need to stoop. The finished basement features a full bath, and a kitchenette, making it ideal for those who love to entertain or seek to maximize their real estate profits. Note: This multi-family home zoned as; R5,R6 & C1-3 is a wise investment choice. Moreover, the finished basement, along with the potential for future rental increases, presents an enticing opportunity for the owner to push the cap rate beyond 5%, a rarity in today's market. Floor plans coming soon.

This is an Active listing.

Broker Office Phone Number: 888-276-0630

Copyright © 2023Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.