16414 81st Avenue, Fresh Meadows, NY 11432
- $1,050,000
- 5
- BD
- 2
- BA
- 1,088
- SqFt
- List Price
- $1,050,000
- Price Change
- ▲ $170,000 1789547430
- MLS#
- 1033418
- Number Of Families
- 1
- Status
- ACTIVE
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1,088
- Lot Size
- 2500
Property Description
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.
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Additional Information
- Year Built
- 1920
- Style
- A-Frame
- School District
- Queens 29
- Total Taxes
- 6369
- Heating
- Natural Gas
- Parking
- Driveway, Garage
- Basement
- Finished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $6,369
Mortgage Calculator
Listing courtesy of Listing Agent: Lina Shi RENE (slinarealty@gmail.com) from Listing Office: S10 Realty Group LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.