Listing Notes
Excellent investment opportunity in the highly sought-after neighborhood of Rosedale! This well-maintained two-family home features 3 bedrooms over 3 bedrooms, plus a finished basement. The first floor and finished basement are currently tenant-occupied on a month-to-month basis with no lease, while the vacant second-floor unit offers 3 bedrooms, 1 full bathroom, and a finished attic, making it ideal for an owner-occupant or an investor seeking immediate rental income. The property is currently generating approximately a 3% cap rate, with the potential to increase to nearly 6% by renting the vacant second-floor unit at market value. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers exceptional upside potential. Conveniently located near shopping, schools, parks, public transportation, and major highways, this is a rare opportunity to own a solid income-producing property in one of Queens' most desirable neighborhoods. The seller is motivated and looking for a qualified buyer to take advantage of this exceptional investment opportunity. Don't miss your chance to own this Rosedale gem!
Price in context
Cheaper than 33% of the 24 homes listed nearby right now, which run $500,000 to $1,199,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 14745 Huxley St | $500,000 | Studio |
| 241-06 141st Ave | $559,000 | 3 bd · 2 ba |
| 147-25 Brookville Blvd | $650,000 | 3 bd · 2 ba |
| 147-25 Brookville Blvd | $650,000 | 3 bd · 1.5 ba |
| 14214 231st St | $665,000 | 3 bd · 2 ba |
| 243-22 Weller Ave | $699,000 | 3 bd · 2 ba |
| 243-22 Weller Ave | $699,000 | 3 bd · 2 ba |
| 144-45 231st St | $699,000 | 3 bd · 1 ba |
| 241-08 Newhall Ave | $700,000 | 3 bd · 2 ba |
| 253-22 147 Ave | $729,999 | 3 bd · 3 ba |
| 233-01 Mentone Ave | $750,000 | Studio |
| 253-27 147th Ave | $750,000 | 3 bd · 2 ba |
| 24032 146th Ave | $769,000 | 4 bd · 2 ba |
| 13955 230th Pl | $775,000 | 3 bd · 3 ba |
| 13955 230th Pl | $775,000 | 3 bd · 2.25 ba |
| 138-56 232nd St | $819,000 | 3 bd · 3 ba |
| 138-23 233rd St | $849,990 | 3 bd · 3 ba |
| 243-16 145th Ave | $859,000 | 5 bd · 3 ba |
| 140-36 247th St | $885,000 | 5 bd · 3 ba |
| 24930 147th Rd | $949,000 | 3 bd · 3 ba |
| 23005 144th Ave | $1,060,000 | 6 bd · 3 ba |
| 24029 145th Ave | $1,149,000 | 7 bd · 4 ba |
| 243-51 Caney Rd | $1,170,000 | 6 bd · 4 ba |
| 14225 250th St | $1,199,000 | 6 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more