ADDRESS
1900 HEMPSTEAD TPKE, STE 501
EAST MEADOW, NY 11554
Fully Renovated Legal 3-Family Investment Property in Downtown Jamaica, Queens – 8.4% Cap Rate Potential! Discover this exceptional, fully renovated legal 3-family home in the heart of Downtown Jamaica, Queens—a prime investment opportunity with a strong 8.4% cap rate potential! Property Highlights: ? Upgraded from Top to Bottom – Featuring a new roof, siding, plumbing, electrical, windows, kitchens, baths, and flooring for worry-free ownership. ? Flexible Layout – Configured as a 1-bedroom, 2-bedroom, and 3-bedroom rental, maximizing income potential. ? Separate Utilities – Each unit has its own boiler and water tank, ensuring tenant convenience and cost efficiency. ? Parking & Storage – Includes a two-car garage and a full basement with a separate entrance for added functionality. ? Unbeatable Location – Just minutes from the E, J, Z trains, LIRR, and AirTrain, making commutes seamless. The AirTrain connects to JFK Airport in just 10 minutes! ? Thriving Downtown Jamaica – Surrounded by new high-rises, trendy eateries, shopping, and a growing business hub, offering an ideal live-work-play environment. Whether you’re an investor seeking strong cash flow or an owner-occupant looking for rental income, this turnkey property is a rare find in a rapidly revitalizing neighborhood!
5 days ago | Listing first seen on site | |
5 days ago | Listing updated with changes from the MLS® |
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