5005 108th Street, Corona, NY 11368
- $1,190,000
- 7
- BD
- 2
- BA
- List Price
- $1,190,000
- Days on Market
- 108
- MLS#
- 984600
- Status
- ACTIVE
- Bedrooms
- 7
- Bathrooms
- 2
- Lot Size
- 1667
Property Description
Excellent opportunity to own a legal two-family home in a prime Corona location. Ideal for both end-users and investors, this property offers strong income potential, low holding costs, and future upside. Situated on a 17 x 100 lot with a 17 x 50 building size, and located in an R6B zoning district, this property offers potential for extension or future redevelopment opportunities. Annual property tax is only $7,045. The home is configured with separate utilities, including 3 electric meters, 2 gas meters, and separate boilers, making management more efficient and flexible. The first floor features 3 bedrooms and 1 bathroom, with direct access to the backyard, and will be delivered vacant. Estimated rental income is approximately $3,000/month. The second floor offers 4 bedrooms and 1 bathroom, currently rented for $3,000/month, and can be delivered vacant if needed. There is also a full basement with generous space, offering flexible use. Current return is approximately 5%, making this an attractive option for investors. Whether you choose to live in one unit and collect rental income from the other, or fully maximize the property as an investment, this home offers excellent versatility. Conveniently located near supermarkets, restaurants, and shops, with easy access to the 7 train, major highways, Corona Park, Costco, and LaGuardia Airport. A rare find in Corona with low taxes, dual rental income, and expansion potential.
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Additional Information
- Year Built
- 1925
- School District
- Queens24
- Elementary School
- Ps 14 Fairview
- Middle School
- Is 61 Leonardo Da Vinci
- High School
- High School For Arts & Business
- Taxes Total
- 7045
- Heating
- Hot Water, Oil, Other
- Parking
- None
- Basement
- Finished, Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $7,045
Mortgage Calculator
Listing courtesy of Listing Agent: Sophia X. Yao (sophiayao@chasegr.com) from Listing Office: Chase Global Realty 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.