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Exceptional Income-Producing Single-Family Home in Prime Jamaica Location! Built in 2007 and thoughtfully updated, this spacious 3-bedroom, 3-bathroom residence offers the perfect blend of modern comfort, investment potential, and future owner-occupancy flexibility. The home features a bright and expansive living room ideal for entertaining, generously sized bedrooms, including one with a private balcony, and a fully finished basement that provides valuable additional living space. Recent upgrades include an updated kitchen, refinished hardwood floors, three renovated bathrooms, a new HVAC system, tankless hot water-on-demand system, and new solar panels designed to enhance long-term energy efficiency. Currently occupied by reliable tenants who pay on time and provide strong, consistent rental income, this property presents an outstanding turnkey investment opportunity while also offering an ideal home for an owner-occupant. Additional amenities include a garage, front carport, shared rear parking, ample street parking, and a desirable location on a wide residential block. Conveniently located just minutes from Jamaica Center, shopping, restaurants, schools, houses of worship, and everyday conveniences. Commuters will appreciate the easy access to the E and F subway lines, Buses available are QM 68, Q 65, Q 43 & Q 1, Highways are GSP, I-678 & I-495 Property Highlights: • 3 Bedrooms • 3 Full Bathrooms • Private Balcony • Finished Basement • Garage + Carport (front)+ Additional Parking in (rear) • Updated Kitchen • Refinished Hardwood Floors • New HVAC System • Tankless Hot Water System • Solar Panel System • Annual Taxes: $7, 845. 52 • Zoning: R4A • Built in 2007 Whether you're seeking a strong cash-flowing investment or a future primary residence, this well-maintained 2007, built Brick property delivers exceptional value, versatility, and long-term upside in one of Queens' most convenient locations.
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Our Executive Mortgage Banker:
$939,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $751,200 | $751,200 | $751,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.121% | 6.183% |
| Monthly Tax Payment | $623 | $623 | $623 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,265 | $4,504 | $6,339 |
| Total Monthly Payment | $4,980 | $5,219 | $7,054 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.