Triplex In Corona

Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential.
Property Highlights: Legal 8-family building, Solid brick construction, built in 2006
Four stories Approximately 6,424 sq. ft. of building area Approximately 22 by 215 &73 ft. building dimensions
Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom
Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement
Current total rental income: approximately $235,000 per year
• Tenants pay all utilities and expenses
• Easy-to-maintain all-brick construction
• Approximately five minutes from the subway

An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.