71-27 58th Road

Large brick 3 family (2 two bedroom units, with 1 walk-in one bedroom) in Maspeth/Middle Village with off-street parking and a large garage. Sitting on a 22x100ft lot and wider than most buildings in the neighborhood the house has been meticulously cared for by current owner. This property is occupied by 3 tenants but can be delivered vacant. The first floor unit offers a large bedroom and direct access to the backyard. The second floor apartment was recently renovated with a new kitchen and bath and has a private terrace, and the third floor unit gets excellent morning and sunset light in the living room and bedrooms. All units feature large kitchens, living rooms and dining rooms.

The new owner would be able to immediately capitalize on rental upside as current tenants are paying at least 25% under market value. An additional value-add would come from adding a third bedroom on the front portion of the upstairs apartments.

Mechanicals and structure are in excellent shape. New rubber roof was completed 5 years ago and the property is zoned for three neighborhood schools. The house is minutes from the LIE and BQE and within within to Stop and Shop as well as several parks 24hr notice is required for any showings.