$ 1,050,000
-
$1,050,000
Price -
5
Bed -
2
Bath -
1,088
SqFt -
0.06
Acre
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About the Listing S10R01 - 188675
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.
Listing Highlights for 16414 81st Ave
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Gas Cooktop, Gas Oven
- Air Cond: Wall/Window Unit(s)
- Heating: Natural Gas
- Fireplaces:
- Floor: Hardwood
- Basement: Finished
- Other: First Floor Bedroom,First Floor Full Bath
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: 1 car
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: $6,370
- Taxes w/Assessments: N/A
- Tax/Property ID: 07024-0006
- Tax Year: N/A
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Monthly Payment
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Listing Location
Questions About..
16414 81st Ave Fresh Meadows, NY 11432
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