LOCATION, LOCATION, LOCATION! Prime investment opportunity in the heart of Rego Park. This legal 3-family pre-war townhouse sits on a 19x95 lot and features three full floors, an elongated garage, and multiple parking spaces — a rare parking goldmine with excellent income potential.
The property includes a 2-bedroom unit on the first floor and two 3-bedroom units on the second and third floors. The first and third floor units have been recently vacated and are move-in ready. The second-floor unit has been fully renovated with updated granite countertops, custom cabinetry, stainless steel appliances, and brand-new bathrooms. The current tenant is paying $3,500/month on a month-to-month basis. Free Market Rent ( NO RENT STABILIZATION NOR RENT CONTROL).
The third-floor apartment is currently under minor renovations, and updated photos will be provided once the work is completed. Additionally, the third-floor unit includes a convenient laundry hamper located in the bathroom for added functionality.
Ideal for investors or end-users seeking strong rental income while occupying one unit, this middle-unit townhouse also offers approximately 50% savings on utility bills. The roof crawl space is insulated for additional sealing and energy efficiency.
Situated on a wide, sunny street with excellent feng shui, the home also features a private backyard oasis perfect for outdoor enjoyment and entertaining. Conveniently located near elementary, middle, and high schools, as well as a variety of shops and restaurants. Just steps from Rego Center and Queens Center, with easy access to buses, trains, major highways, and only minutes from Queens Boulevard.
A rare opportunity for investment or comfortable multi-generational living. Property sold as is.