Property Description

Welcome to 164-14 81st Ave, Fresh Meadows - a fully occupied, income-producing single-family property offering $7,600/month in current rental income and an attractive real real 7.8% cap rate based on the current asking price.The property generates $91,200 in annual gross rental income, with approximately $6,450 in annual property taxes and $2,000 in annual insurance expenses. Electricity, Water, Landscaping are paid directly by the tenant, helping keep the owner's operating expenses low.This well-maintained 5-bedroom home features a spacious first floor with a living room, eat-in kitchen, one bedroom, and full bathroom. The second floor and attic offers four additional bedrooms. The full basement includes a second full bathroom and provides flexible space for recreation, storage, or other permitted uses.Additional features include a private driveway and one-car garage. Conveniently located near St. John's University, with strong rental demand and access to local transportation, shopping, dining, and neighborhood amenities.A strong opportunity for investors seeking an income-producing residential asset in Fresh Meadows with substantial current rental income and favorable operating expenses.

Property Features

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