99-01 Corona Avenue, Corona, NY, 11368

About This Home

Located on Corona Avenue in the heart of Corona, this well-maintained and income-producing three-family property offers an excellent investment opportunity. The building features three stories plus a full basement, with a solid layout and strong rental income. Each residential floor includes three bedrooms and two full bathrooms, with spacious, well-proportioned layouts that are highly desirable and easy to rent. The basement has a separate entrance and provides direct access to both the backyard and the front of the building, offering flexibility for future use. The property is currently fully rented with good, stable tenants. The entire building was fully renovated in 2020, including new electrical wiring, new plumbing, and a new boiler. Tenants pay their own gas and electricity, helping to keep operating expenses low. Annual property taxes are $12,213. Zoned R6B, the property also offers future expansion or development potential, adding long-term value. Transportation is extremely convenient, with the 7 train just a short walk away and the Q58 bus directly in front of the property, providing easy access to Flushing. The surrounding neighborhood offers abundant shopping, dining, and everyday conveniences.