Property photo 1
4 Beds
3 Baths
3,000 sqft

$969,000

198-03 Hollis Ave, Queens NY, 11412

Price per sqft$323.00
Property size3,000 sqft
Property typeResidential

Overview

Active

Updated 3 days ago

Mixed-Use Income Producing Property - Strong Cash Flow with Parking Exceptional opportunity to own a well-maintained mixed-use building generating $9,200 in monthly income ($110,400 annually). This property offers a balanced combination of residential and commercial income streams, making it ideal for both investors and owner-operators. The building features two residential units and one commercial storefront, along with a finished basement currently utilized by the commercial tenant, providing additional usable space and value. The first residential unit is a spacious 3-bedroom apartment generating $3,500 per month, while the second unit is a studio apartment producing $2,500 per month. The ground-floor retail store pays $3,200 per month, and also benefits from access to the finished basement for storage or operational use. Situated on a 21 ft x 131.17 ft lot, the building footprint measures 18 ft x 55 ft, offering efficient use of space while still providing valuable rear parking for up to four cars-a highly desirable feature for both residential tenants and commercial use. With stable income already in place, this property presents a turnkey investment opportunity with strong rental revenue and mixed-use versatility. Property Highlights: Mixed-use building (Residential + Retail) Monthly Income: $9,200 Annual Income: $110,400 3 Bedroom Apartment: $3,500/month Studio Apartment: $2,500/month Retail Store: $3,200/month Finished basement used by store 4-car parking in rear Lot Size: 21 ft x 131.17 ft Building Size: 18 ft x 55 ft Perfect for investors seeking steady income or end-users looking to own a property with built-in revenue.

$6,447/mo

Est. mortgage payment based on a $969,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
11792948

Interior Features

Bedrooms
4
Bathrooms
3
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$5,769
Tax Frequency
Annually

Courtesy of 5 BORO REALTY CORP with ,
Listing Contact:  

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