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MULTI_FAMILY - Colonial - East Elmhurst, NY
Prime Mixed-Use Corner Property in the heart of East Elmhurst! This well-maintained building offers an excellent investment opportunity with two residential units and two commercial storefronts. The property sits on a corner lot with great visibility and heavy foot and vehicle traffic. Lot size: approx. 2,040 SF Building size: 20 x 80 Commercial Units (1st Floor): - Front Store: Established laundromat with brand new machines installed in 2024, featuring 18 washers and 18 dryers. Stable and proven business-ideal for an owner-operator or investor seeking immediate cash flow. - Rear Store: Barbershop with a long-term tenant and stable rent. Residential Units (2nd Floor): - Front Unit: 3 bedrooms, 1 bathroom - Rear Unit: 2 bedrooms, 1 bathroom Both apartments are well laid out and in good condition with strong rental demand. The property is in excellent condition and offers multiple income s...
Prime Mixed-Use Corner Property in the heart of East Elmhurst! This well-maintained building offers an excellent investment opportunity with two residential units and two commercial storefronts. The property sits on a corner lot with great visibility and heavy foot and vehicle traffic. Lot size: approx. 2,040 SF Building size: 20 x 80 Commercial Units (1st Floor): - Front Store: Established laundromat with brand new machines installed in 2024, featuring 18 washers and 18 dryers. Stable and proven business-ideal for an owner-operator or investor seeking immediate cash flow. - Rear Store: Barbershop with a long-term tenant and stable rent. Residential Units (2nd Floor): - Front Unit: 3 bedrooms, 1 bathroom - Rear Unit: 2 bedrooms, 1 bathroom Both apartments are well laid out and in good condition with strong rental demand. The property is in excellent condition and offers multiple income streams, making it ideal for investors or buyers looking to operate the laundromat business while collecting rental income. High income potential - turnkey investment opportunity.
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