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86-03 85th Street

Between 86th Avenue and Jamaica Avenue
Townhouse
Woodhaven
$725,000
Annual Taxes: $6,020
What will this home cost?
Subway Lines
Subway number J Subway number Z
Nearby Subway Stations
Subway number J 85th St - Jamaica Ave
Subway number Z Woodhaven Blvd - Jamaica Ave
Essentials
Price $725,000
Type Townhouse
Units 2
Floors 2
Bedrooms 4
Bathrooms 3
Rooms 14
Approx. Sq. Ft. 2,208
Key Features
Garden
Garage

This investment is a no-brainer! 86-03 85th Street in Woodhaven, Queens, is a two-family, gracious home with private parking and a backyard. You can live in one of the apartments while enjoying rental income that offsets your monthly expenses. Each apartment is currently set up as a 2 bedroom/1 bathroom plus a formal dining room, large living room, and sun room (and numerous closets -- see floor plan). Less than one block from the 85th Street stop on the J train, you'll come home to beautiful hardwood floors, original details and lots of light. If you're buying solely as an investment, the current cap rate is 4.5% with below-market rents. With slight increase in monthly rental income, cap rate easily reaches 5%. Property will be delivered vacant.
24-hour notice is required for all showings. This is a semi-detached home with quiet backyard. Mechanicals and roof are in good shape. Washer and dryer in basement. 86-03 85th Street is an excellent opportunity for investors and end-users alike.

Agent
Licensed Associate RE Broker
86-03 85th Street
Between 86th Avenue and Jamaica Avenue
Townhouse
Woodhaven
Essentials
Price $725,000
Annual Taxes $6,020
Type Townhouse
Units 2
Floors 2
Bedrooms 4
Bathrooms 3
Rooms 14
Approx. Sq. Ft. 2,208

This investment is a no-brainer! 86-03 85th Street in Woodhaven, Queens, is a two-family, gracious home with private parking and a backyard. You can live in one of the apartments while enjoying rental income that offsets your monthly expenses. Each apartment is currently set up as a 2 bedroom/1 bathroom plus a formal dining room, large living room, and sun room (and numerous closets -- see floor plan). Less than one block from the 85th Street stop on the J train, you'll come home to beautiful hardwood floors, original details and lots of light. If you're buying solely as an investment, the current cap rate is 4.5% with below-market rents. With slight increase in monthly rental income, cap rate easily reaches 5%. Property will be delivered vacant.
24-hour notice is required for all showings. This is a semi-detached home with quiet backyard. Mechanicals and roof are in good shape. Washer and dryer in basement. 86-03 85th Street is an excellent opportunity for investors and end-users alike.

Licensed Associate RE Broker
Garden
Garage
Subway Lines
Subway number J Subway number Z
Nearby Subway Stations
Subway number J 85th St - Jamaica Ave
Subway number Z Woodhaven Blvd - Jamaica Ave