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Corona NY, 11368 $2,680,000

Multi Family Commercial 9 Beds , 8 Full Bath , 5116 SqFt 

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Details ML#: 3588292  

  • # of Families: 7
  • Sale or Rent:Sale
  • Year Built: 2015
  • Taxes: $1,716
  • Status:Active

Description

Legal 7-family located in a highly sought-after area of Corona offering over 6% CAP rate. The property comprises one duplex 3-bedroom unit and six 1-bedroom units, all of which are currently fully leased, and all units are sub-metered, Tenant pays their own utilities making it a low-maintenance investment opportunity. The property has significant tax savings with a 421 tax abatement, the property is expected to generate strong cash flow and appreciate in value over time. Situated in the vibrant neighborhood of Corona, residents benefit from the convenience of being close to a plethora of amenities, including shopping centers, restaurants, schools, parks, and public transportation options., Additional information: Appearance:Good

More Property Details

Room Information

Bedroom: 9   Full Bath: 8   Other: 7  

Property Features

Lot Sq Ft: 2500   Approx. Int. Sq. Ft.: 5116.00   Parking Spaces: Yes   Parking Facilities: Other  

Appliances & Utilities

Heat: Natural Gas, Baseboard   A/C: None   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $1,716  

Local Area Information

School District: Is 61 Leonardo Da Vinci   Block: 1938   Lot: 19  

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