9701 23rd Avenue, E. Elmhurst, (East Elmhurst), NY, 11369
1931
Exceptional Mixed-Use Investment Opportunity in a Prime Location! Presenting a rare package deal featuring two fully income-producing properties at 97-01 23rd Ave and 97-09 23rd Ave, being sold with paying tenants in place—offering immediate cash flow from day one. 97-01 23rd Ave is a well-maintained mixed-use building spanning approximately 6,000 square feet. The property consists of 1 commercial space and six residential units of 2 bedrooms and 1 bathroom. The residential units are thoughtfully designed to attract and retain long-term tenants, while the commercial spaces provide stable business income. Additional highlights include a 5-car garage and a private driveway, adding both convenience and value. This property generates an annual income of approximately $311,376, with a net income of $224,156 after expenses of $87,220. 97-09 23rd Ave sits on a 40 x 100 lot and features private parking. The commercial space is currently occupied by a hair salon, contributing consistent rental income with potential for future growth. Offered as a package for $3,500,000, this is a turnkey investment opportunity ideal for investors seeking strong returns, tenant stability, and long-term appreciation. Don’t miss the chance to own a high-performing asset in a desirable location.
Status:
Active
Town:
E. Elmhurst
Type:
Commercial
Units:
6
Heating:
Hot Water
Cooling:
Varies by Unit
Acreage:
0.14
Est. Taxes:
$33,320
Assessment
$581,850
Construction
Brick
Utilities
Electricity Available, Natural Gas Available, Water Available
Days on Market:
15
MLS #:
976449
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of SkyLimit Realty Group 718-749-9501