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4543 47th St

6 Unit Apartment Building $1,179,999 ($196,667/Unit) 8.90% Cap Rate Flushing, NY 11377

Executive Summary

Investment Opportunity:
6-Family Property for Sale ************
Explore a lucrative investment opportunity with our 6-family property, now available for sale.
Situated in a thriving neighborhood, this well-maintained building promises consistent rental income and long-term stability, making it an ideal addition to your portfolio.

Property Features:

Six Units: Each unit ensures steady rental income with potential growth.

Spacious Layouts: Generously sized apartments offering comfortable living spaces for tenants.

Updated Kitchens and Bathrooms: Modern amenities to attract and retain tenants.

Solid Rental History: Proven track record of occupancy and rental payments.

Low Vacancy Rates: Demand-driven location with stable tenancy.

Opportunity to increase rents over time while maintaining compliance.

Well-Maintained Building: Regular upkeep and maintenance ensuring a hassle-free ownership experience.
Income Stability: Reliable cash flow from multiple rental units.
Just painted fresh all entire building and it is fresh and clean
This building has 6 residential units
- Five apartments 2 beds 1 bathroom
( first floor one apartment, second and third floor 2 apartments each floor)

- One apartment 1 bedroom 1 bathroom (first floor front)

- 3 parking garage

- 2 storage

- Brand new boiler ( gas)

- Brand new water heater

- The roof is in good condition.

Prime Location: Located in a family-friendly neighborhood with excellent schools, parks, and amenities nearby.
Thoughtful Design: Meticulously designed interiors with high ceilings, large windows, and tasteful decor.
Ample Storage: Plenty of storage space throughout the home, including closets and a spacious garage.
Energy-Efficient Features: Designed with sustainability in mind, minimizing utility costs and environmental impact.

Expansive Living Areas: Generous living and dining spaces perfect for gatherings and entertaining guests.

Property Facts

Price $1,179,999
Price Per Unit $196,667
Sale Type Investment
Cap Rate 8.90%
Sale Conditions 1031 Exchange
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.06 AC
Building Size 3,945 SF
No. Stories 3
Year Built 1928

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 - -
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00151-0039
Land Assessment
$2,321
Improvements Assessment
$147,830
Total Assessment
$150,151

zoning

Zoning Code C4-2, Queens, (C2) (Commercial Zoning District - In C4-2 you can build a variety of commercial building uses, community facilities, and residential buildings.)
C4-2, Queens, (C2) (Commercial Zoning District - In C4-2 you can build a variety of commercial building uses, community facilities, and residential buildings.)
  • Listing ID: 32570264

  • Date on Market: 7/24/2024

  • Last Updated:

  • Address: 4543 47th St, Flushing, NY 11377

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