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18413 140th Ave - Mixed Use High Income 2 Unit Apartment Building Offered at $1,040,000 at a 6.50% Cap Rate Springfield Gardens, NY 11413
EXECUTIVE SUMMARY
Mixed-Use Investment Property in Springfield Gardens, NY 11413 – Fully Rented Excellent investment opportunity in the heart of Springfield Gardens! This well- maintained mixed-use property features a ground-floor deli with strong neighborhood visibility, plus a renovated three-bedroom residential apartment above—both fully leased with reliable tenants in place. The commercial space operates as a deli and benefits from steady foot traffic, established local clientele, and long-standing community presence. The updated 3- bedroom apartment offers modern finishes, spacious rooms, and solid rental income, making this an attractive, turn-key investment. Located near major thoroughfares, schools, public transportation, and local conveniences, this property provides stable cash flow and long-term growth potential in a highly desirable Queens neighborhood. Perfect for investors seeking a hands-off, income-producing asset from day one. The property is also being offered for sale together with profitable business for a total price of $1,198,000. Subject to E&O.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $3,600 | - |
1 1
Walk Score®
Very Walkable (72)
Transit Score®
Excellent Transit (73)
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18413 140th Ave - Mixed Use High Income
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