Description
Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of building area and strong, stable rental income. The property consists of 4 residential units: • 1 Two-Bedroom / 1 Bath unit • 3 Three-Bedroom / 2 Bath units Additionally, the basement is fully finished. Total rental income exceeds $10,000 per month. All tenants are long-term, stable, and well-qualified. Property comes with 6 years remaining on tax abatement, significantly reducing carrying costs. Tenants pay their own electricity and gas; landlord is responsible for water and property tax only, keeping operating expenses low. Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities. This is a turnkey investment — sold with all tenants in place (package deal, as-is). No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation. A rare high-income producing 4-family opportunity in Corona — don’t miss it!
-
11BEDS
-
N/AACRES
-
7BATHS
-
01/2 BATHS
School Information
Description
Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of building area and strong, stable rental income. The property consists of 4 residential units: • 1 Two-Bedroom / 1 Bath unit • 3 Three-Bedroom / 2 Bath units Additionally, the basement is fully finished. Total rental income exceeds $10,000 per month. All tenants are long-term, stable, and well-qualified. Property comes with 6 years remaining on tax abatement, significantly reducing carrying costs. Tenants pay their own electricity and gas; landlord is responsible for water and property tax only, keeping operating expenses low. Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities. This is a turnkey investment — sold with all tenants in place (package deal, as-is). No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation. A rare high-income producing 4-family opportunity in Corona — don’t miss it!
© 2026 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Alexander Madison Realty. Data last updated: 2026-03-05T00:17:57.397.