Skip to content
Welcome! Are you part of the community? Sign up now.
x
Archived over 1 year ago

$800,000

3 bd 3 ba 1248 sqft

84-56 123rd St, Queens, NY 11415

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$4,600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Medium

Legal 2 Family In Queens NY

Welcome to 8456 123rd St, a legal two family, with a shared driveway and private garage located in Kew Gardens Queens. The property provides its new homeowner with space, opportunity, and lifestyle. Located only 3 blocks away from the M train, a few blocks from Metropolitan Ave and Jamaica Ave, where you will find ample amounts of shopping and restaurants. This property has a large basement, which can be combined with the first floor creating an owner's duplex. There's a nice backyard that can make for a lovely garden or additional outdoor space. This property can use some updating to achieve its full potential. The property provides its new owner the possibility of creating an oversized single family or occupying one unit, while renting out the other unit to offset some of your monthly costs. Some neighborhood amenities are Forrest Park, Wallington Square and the neighborhood dog park (Forrest Park barking lot); which are all a few minutes away from the property. This is a great property full of potential.

Location:

84-56 123rd St, Queens, NY 11415

Looking for an agent?
Start a rental property calculator report
Use the rental calculator to determine this property's potential profit.
Analyze this property

* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.