8307 Grand Avenue, Elmhurst, NY 11373
- $1,328,000
- List Price
- $1,328,000
- Price Change
- ▼ $22,000 1772587412
- Days on Market
- 203
- MLS#
- 949794
- Status
- ACTIVE
- Lot Size
- 1140
Property Description
Prime mixed-use investment opportunity located on one of Elmhurst’s busiest commercial corridors. The property consists of a ground-floor retail unit currently occupied by a music store and two residential apartments on the second floor (front and rear), each configured with 2 bedrooms and 1 bathroom. A full basement provides additional utility and storage space. The building measures 20 ft x 55 ft on a 20 ft x 57 ft lot, with a total interior area of approximately 3,300 square feet. The property is equipped with two separate electric meters, gas meters, and boilers. Financials: • Current monthly rental income: $6,920 • All units fully leased with stable, paying tenants (delivered occupied) • Annual property tax: $9,183 Location Highlights: • Excellent visibility on Grand Avenue, Elmhurst’s thriving commercial strip • Direct access to Q58 bus service to Flushing Main Street • 9-minute walk to M/R subway lines • Surrounded by supermarkets, restaurants, laundromats, and neighborhood amenities Zoning: R4, C1-3 (mixed-use) Rare opportunity to acquire a fully income-producing mixed-use property in a high-demand Elmhurst location with strong appreciation potential.
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Additional Information
- Year Built
- 1945
- Stories
- 2
- Total Taxes
- 9183
- Heating
- Baseboard, Natural Gas
- Parking
- Garage, Private, Shared Driveway
- Parking Spaces
- 1
- Basement
- Finished
- Water
- Other
- Sewer
- Public Sewer
- Taxes
- $9,183
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Listing courtesy of Listing Agent: Zhen Chen (cindie.z.chen@gmail.com) from Listing Office: E Realty International Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.