6938 Myrtle, Glendale, NY 11385

• 3,500 sqft

Property Description

PRIME MIXED USE INVESTMENT OPPORTUNITY IN THE HEART OF MYRTLE AVE! Welcome to 6938 Myrtle Ave, a rare mixed-use asset offering strong income, zero deferred maintenance, and exceptional upside. Perfect for both investors and owner operators seeking a high yield property in a high demand corridor. This Property offers Three income producing units with an impressive projected gross income of $132,216 Annually, supported by stable residential rents and a high visibility commercial space. Current Rent Roll 4 Bedroom Residential Unit: $3868/Month - VACANT 3 Bedroom Residential Unit: $2,150/Month - Occupied 2 Commercial Spaces: $5,000/Month-VACANT (Projected) (1 entry on 6938 Myrtle Ave, 2nd entry on 6937 Cooper Ave ) Space can be split in two different spaces or 1 large space. Total Annual Expenses: $13,500 Net Operating Income (NOI): $118,716 Cap Rate: 7.7 The Commercial Store front offers excellent, exposure on busy Myrtle Ave- Ideal for retails, Professional use, or stable long term tenancy. The Residential units are well sized, separately metered, and positioned for long term cash flow. Whether You're looking to expand your portfolio or secure a reliable mixed use building in a prime location, this property delivers strong numbers, strong location, and strong potential. A PERFECT BLEND OF STABILITY AND OPPORTUNITY- DON'T MISS OUT!

Listing Status:

Active

Listing Office:

eXp Realty : 888-276-0630

MLS ID:

937059

Interior

• Basement: FinishedWalk-Out Access
• A/C: Central Air
• Heating: Natural Gas

Location

• Originating MLS: onekey2
• County: Queens

Lot

• Zoning: 03705-0006

Utilities

• Utilities: None
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2

This listing courtesy of eXp Realty