8650 127th St, Jamaica, NY 11418

ATTENTION INVESTORS! Welcome to an exceptional investment opportunity in the heart of Renters Haven, just off Jamaica Avenue! We proudly present a remarkable Free Market 4-family property that is primed for generating substantial income. Comprising THREE spacious 2-bedroom apartments and ONE inviting 1-bedroom apartment (currently vacant), this property holds immense potential. The substantial basement offers an exciting prospect for expansion, enabling you to capitalize on additional rental income. Each tenant is a working professional, ensuring a reliable and steady cash flow. This property offers unparalleled convenience. Situated in a walker's paradise, it eliminates the need for constant driving. A conveniently located bodega is situated on the corner, while the Trade Fair Supermarket is just two blocks away. Essential amenities such as CVS are only one block away, and the Planet Fitness gym is just a four-block stroll. Commuting is a breeze, with the J train a mere 5 minutes away and the E train accessible within 10 minutes. Additionally, the Q56 and Q54 buses are a short 2-minute walk. For those seeking long-distance travel, JFK Airport is a mere 15-minute drive. Major roadways like Van Wyck and Grand Central are also within 5-minute proximity. Built-in 1931, the property at 86-50 127th Street boasts a generous 22X100 lot size. The yearly expenses, covering taxes, electricity, and gas, total only $22,087. The property's impressive gross residential square footage is 3,520 and it is zoned R5. The sturdy brick construction ensures durability and longevity. Yearly Property Taxes $13,001 The property layout is as follows: Basement: Expansive and unfinished, presenting an excellent opportunity for customization. First Floor: Features a 1-bedroom unit with a cozy living room and an eat-in kitchen. Additionally, there is a 2-bedroom unit with a spacious living room and a functional eat-in kitchen. Second Floor: Comprises two separate 2-bedroom units, each offering a comfortable living room and a practical eat-in kitchen. Don't miss out on this incredible chance to secure a sound investment in a thriving neighborhood. Contact us today to seize this remarkable opportunity and maximize your financial potential!