75TH JACKSON HEIGHTS, NY 11372

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Description

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Prime investment property in prime Jackson Heights block. Legal 4 family plus legal medical office in basement (4 storeys semidetached brick with one apartment in each floor plus a full basement with the doctors office) . Net income over $110,000 after all expenses and taxes. Great appreciation and rental market in the area. All legal, market rents, no rent stabilization. Perfect 1031 exchange candidate. Medical office has lease till 2023 with 5 years extension option and 2.5% yearly increases, two of the apartments are recently renovated and vacant and 2 are occupied and rented month to month. All brick, young, 4 stories semidetached building located only 2 short blocks to the Jackson Heights/Roosevelt Ave subway station (E, F, M, R, 7 trains) with multiple buses (including express bus to La Guardia airport), stores, restaurants and all amenities. Interior photos coming soon.