Courtesy of: Bianca Colasuonno, Compass, biancac@compass.com
Courtesy of: Bianca Colasuonno, Compass, biancac@compass.com
$1,365,000
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4 bed
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4.00 Bath (4 Full)
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Other
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$1,365,000
71-31 Myrtle Avenue Unique Investment Opportunity Available: Two Adjacent Mixed-Use Buildings in a Prime Glendale, Queens Location! This is a rare chance to own two adjacent mixed-use properties in Queens, sold together as a package deal. Perfect for savvy investors, this portfolio includes a 2-family with a retail storefront alongside a 4 family with a storefront - a total of 6 Residential Units + 2 Commercial Storefronts. All residential units are free market with no leases in place. This well-positioned package offers incredible rental income potential, ideal for generating consistent revenue. These two buildings have been in the same family for generations and are available together for the first time, having been carefully tended to for decades. A trusted dry cleaning business with a loyal customer base occupies the first floor of one of the buildings, bringing immediate income potential and community recognition. Ideal opportunity for an owner/user. The neighboring storefront is occupied with a lease. This high-traffic location on Myrtle Ave, one of Queen's most well-known thoroughfares, with excellent visibility, draws plenty of foot traffic to retail spaces and adds value to residential leases. Both buildings feature stable residential units and street-level commercial spaces, creating immediate and diversified cash flow. Great potential for rent growth in a steadily appreciating neighborhood, enhancing long-term value
Courtesy of: Bianca Colasuonno, Compass, biancac@compass.com
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