5507 103rd ST new Save Request In-Person Tour Request Virtual Tour
Corona,NY 11368
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY853259
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $14,642
Lot Size 3,153 Sqft
Acres 0.0724
Property Sub-Type Duplex
Property Description
Welcome to 5507-103 Street, a rare and expansive legal mixed-use property in the heart of vibrant Corona, Queens. This fully tenant-occupied income-generating building features a front and rear structure.
gross annual rental income of $143,100, and an estimated cap rate over 6%. Set on a 3,155 sq ft lot with 4,250 sq ft of total building space, this
property is perfect for savvy investors seeking both stability and growth potential. The property includes low annual taxes of $14,637. Each unit
enjoys natural light and functional layouts, with high rental demand in the area ensuring low vacancy rates year-round. Perfectly situated near
the 7 Subway Line and LIRR, this property offers direct access to Manhattan and Long Island, making it a commuter's dream. Just minutes from
supermarkets, restaurants, schools, and professional offices, it sits in a peaceful enclave while enjoying the best of urban convenience. This
location is particularly attractive for renters, with high walkability and thriving neighborhood amenities.
Location
State NY
County Queens
Interior
Interior Features High Speed Internet
Heating Hot Water
Cooling Electric
Fireplace No
Exterior
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Garage false
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Special Listing Condition None