This two-family home in East Elmhurst is a fantastic investment opportunity with significant earning potential. Here’s a detailed breakdown of its features and benefits:

Investment Highlights
- **Cap Rate**: 8%
- **Projected Annual Income**: Approximately $140,000
- **Additional Income**: Large parking lot potential for renting space for boats and jet skis, alongside car parking

Property Overview
- **Location**: Prime East Elmhurst, with unobstructed views extending to Grand Central
- **Type**: Legally permitted two-family, all-brick corner property
- **Built**: 2006
- **Stories**: Three above ground plus a basement
- **Renovation**: Newly renovated with high ceilings and hardwood floors

Unit Configuration
- **Total Bedrooms**: 3
- **Total Bathrooms**: 4
- **First Floor**:
- 1 bedroom
- 1 bathroom
- Kitchen and living room
- **Second & Third Floors**:
- Each with 2 bedrooms
- Each with 2 bathrooms
- Kitchen and living room
- **Basement**:
- Separate entrance
- Storage room
- 1 bathroom

Additional Features
- **Outdoor Space**: Sitting area available for barbecues
- **Parking**:
- Multiple spaces for 4-5 cars
- Potential for additional income from renting space for boats and jet skis
- **Zoning**: R4
- **Property Taxes**: Low at $8,882

Location Benefits
- **Proximity to Transportation**:
- Just a 2-minute walk to bus stops (Q19, Q69, Q33, Q47)
- Convenient access for Manhattan commuters
- **Nearby Amenities**:
- Supermarkets, banks, restaurants, and other essential services are within easy reach
Ideal Use Cases
- **Investors**: Strong income potential with high demand for rentals in the area
- **Owner-Occupants**: Comfortable living space with options for rental income

This property combines modern amenities with a prime location, making it a great option for both investors and future homeowners.