Buy with Yoreevo
$1,572,000
List Price: $1,600,000
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1417 117TH Street
House in College Point •  building info
5bd • 5ba • 2,500ft² $640 per ft²
Buy with Yoreevo

$1,572,000

List Price

$1,600,000

Key Details
Listed today
Last price change
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Estimated payment
$9,804/mo
Taxes
$1,170/mo
Maintenance
N/A
Description
A strong buy-and-hold investment property in College Point, Queens, especially for someone who wants stable rental income with minimal immediate work. Key investment positives: • Newer construction (2020): Lower near-term capital expenditure risk (roof, plumbing, electric, structure all relatively new), which typically improves cash flow. • Fully brick, three above-ground levels plus Finished basement, Brick and newer construction are attractive to lenders and tenants, and the basement with a separate entrance can boost effective income if used legally within zoning and code limits. • Two-family setup with separate meters: Separate electric, gas, and boilers are ideal for an investor because tenants can pay their own utilities, reducing your operating expenses and simplifying rent structures. • No-renovation, tenant-occupied: You can collect rent from day one after closing, which reduces vacancy risk and stabilizes early cash flow; this is common in College Point multifamily trades marketed as "turnkey." • Modern amenities (split-system AC in each room): Ductless split systems are energy-efficient and quiet, which improves tenant satisfaction and can justify stronger rents compared with older walk-ups relying on window units or no AC. This configuration supports multiple income streams and flexibility for owner-occupancy plus rental, or pure investment. • Parking and laundry: Two parking spaces and a dedicated laundry room are high-value amenities in this part of Queens, where on-street parking can be challenging and in-unit or on-site laundry is a frequent tenant demand. • Transit and retail proximity: A short walk to Q26, Q20, and Q25 buses, all connecting directly to Flushing, makes the location attractive to commuters who rely on bus-to-subway access; proximity to College Point Plaza, supermarkets, banks, and restaurants increases walkability and tenant appeal.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$1,600,000
Asking Price: $1,600,000
Term
30 Years
Down Payment
$160,000 (10%)
Min: 10% (160,000)
Rate
6.0 %
Mortgage Amount
$1,440,000
Mortgage Payment
$8,634
Taxes
$1,170
Estimated Yoreevo rebate
$28,000
Estimated closing cost
$57,000
Total monthly cost $9,804
Buy your dream home with us and get an estimated $28,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of E Realty International Corp

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