5005 108th Street

Description

Excellent opportunity to own a legal two-family home in a prime Corona location. Ideal for both end-users and investors, this property offers strong income potential, low holding costs, and future upside. Situated on a 17 x 100 lot with a 17 x 50 building size, and located in an R6B zoning district, this property offers potential for extension or future redevelopment opportunities. Annual property tax is only $7,045. The home is configured with separate utilities, including 3 electric meters, 2 gas meters, and separate boilers, making management more efficient and flexible. The first floor features 3 bedrooms and 1 bathroom, with direct access to the backyard, and will be delivered vacant. Estimated rental income is approximately $3,000/month. The second floor offers 4 bedrooms and 1 bathroom, currently rented for $3,000/month, and can be delivered vacant if needed. There is also a full basement with generous space, offering flexible use. Current return is approximately 5%, making this an attractive option for investors. Whether you choose to live in one unit and collect rental income from the other, or fully maximize the property as an investment, this home offers excellent versatility. Conveniently located near supermarkets, restaurants, and shops, with easy access to the 7 train, major highways, Corona Park, Costco, and LaGuardia Airport. A rare find in Corona with low taxes, dual rental income, and expansion potential.