Property Description

Rare Sunny 6-Family Corner Property in Maspeth - $110K Income!5 Units Rented + 1 Vacant | Backyard, Partially Finished Basement & 2-Car DrivewayExceptional opportunity to own a 6-family, income-producing property in Maspeth, Queens-one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1-4 family homes, making a property of this size a rare find.This sunny, 3-story corner building offers excellent natural light throughout and strong long-term investment value. The property is currently generating approximately $110,000 in annual income, with 5 rent-stabilized apartments at legal rents, ensuring consistent and reliable cash flow.The 6th unit is owner-occupied and will be delivered vacant at closing-perfect for an end-user or for increasing rental income.Key Features:6 total units (5 rented, 1 delivered vacant)Strong, stable income with upside potentialRare building size for MaspethSunny corner property with great natural light exposureFull basement (partially finished) - ideal for storage or additional usePrivate backyard Fenced private driveway - parking for 2 cars (very limited in the area)Conveniently located near major highways, shopping, and local amenities, making it attractive to both tenants and investors.Perfect for investors seeking steady returns or buyers looking to live in one unit while generating income from the rest.

Property Features