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About the Listing ERLT01 - 195033
Prime mixed-use investment opportunity located on one of Elmhurst’s busiest commercial corridors. The property consists of a ground-floor retail unit currently occupied by a music store and two residential apartments on the second floor (front and rear), each configured with 2 bedrooms and 1 bathroom. A full basement provides additional utility and storage space. The building measures 20 ft x 55 ft on a 20 ft x 57 ft lot, with a total interior area of approximately 3,300 square feet. The property is equipped with two separate electric meters, gas meters, and boilers. Financials: • Current monthly rental income: $6,920 • All units fully leased with stable, paying tenants (delivered occupied) • Annual property tax: $9,183 Location Highlights: • Excellent visibility on Grand Avenue, Elmhurst’s thriving commercial strip • Direct access to Q58 bus service to Flushing Main Street • 9-minute walk to M/R subway lines • Surrounded by supermarkets, restaurants, laundromats, and neighborhood amenities Zoning: R4, C1-3 (mixed-use) Rare opportunity to acquire a fully income-producing mixed-use property in a high-demand Elmhurst location with strong appreciation potential.
Listing Highlights for 8307 Grand Ave
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Baseboard,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Other
Exterior Details
- Lot Description: Near Public Transit,No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 1
- Roof:
- Others: Actual
- Sewer: Public Sewer
- Parking Features: Garage,Private,Shared Driveway
Financial Details
- Tax Amount: $9,183
- Taxes w/Assessments: N/A
- Tax/Property ID: 02493-0033
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
8307 Grand Ave Elmhurst, NY 11373
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