ML# :840149   Calling All Investors, Developers, & End-Users!!! 5 Unit Free Market Apartment Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R5 Zoning, High 8’ Ceilings, Full Basement, Private Driveway & Garage, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst 2 Blocks Off Queens Blvd. Near The I-495 Woodhaven Blvd. Exit!!! The Property Is Situated Minutes From Queens Center & Rego Center!!! Neighbors Include Apple, Starbucks, Verizon, USPS, Target, Victoria’s Secret, Walgreens, Adidas, Marshalls, Shake Shack, Burlington, White Castle, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 1st Floor Studio: $18, 000 Ann.; M-M.1 Br. Apt.: $24, 000 Ann.; M-M.2nd Floor3 Br., 2 Bath Apt.: $54, 000 Ann. (Available)3rd FloorFront (1 Br. Apt.): $22, 800 Ann.; M-M. Rear (1 Br. Apt.): $21, 000 Ann.; M-M.LL Unit.(1 Br. Apt.): $19, 200 Ann.; M-M.Garage: $8, 500 Ann. (Available) Pro Forma Gross Income: $167, 500 Ann.Expenses: Gas: $3, 200 Ann. Electric: $1, 400 Ann.Maintenance & Repairs: $250 Ann. Water & Sewer: $2, 800 AnnInsurance: $3, 263 Ann. Taxes: $30, 618 Ann. Total Expenses: $41, 531 Ann.Net Operating Income (NOI): $125, 969 Ann. (Pro Forma 6.46 Cap!!!)