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2455 80th St 3 Unit Apartment Building $2,720,640 CAD ($906,880 CAD/Unit) 6.27% Cap Rate East Elmhurst, NY 11370
INVESTMENT HIGHLIGHTS
- Prime location
- Corner property
- Garage parking
- Close to transportation
- Modern construction
EXECUTIVE SUMMARY
Spacious and well-maintained three-family house located in the desirable neighborhood of East Elmhurst. This property offers
an excellent investment opportunity or the perfect setup for owner occupancy with rental income potential. Each apartment features separate utilities, providing convenience and flexibility for both owner and tenants. The building includes bright and comfortable units, a full basement with additional storage or recreational space, and a private backyard ideal for outdoor gatherings. Conveniently situated near transportation, shopping, schools, and major highways, this property combines location,
functionality, and long-term value. Perfect for investors or end-users seeking strong rental
potential and a solid, income-producing property.
Two of the three apartments will be delivered vacant upon closing.
an excellent investment opportunity or the perfect setup for owner occupancy with rental income potential. Each apartment features separate utilities, providing convenience and flexibility for both owner and tenants. The building includes bright and comfortable units, a full basement with additional storage or recreational space, and a private backyard ideal for outdoor gatherings. Conveniently situated near transportation, shopping, schools, and major highways, this property combines location,
functionality, and long-term value. Perfect for investors or end-users seeking strong rental
potential and a solid, income-producing property.
Two of the three apartments will be delivered vacant upon closing.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$192,538
|
$63.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$192,538
|
$63.84
|
| Taxes |
$7,881
|
$2.61
|
| Operating Expenses |
$13,952
|
$4.63
|
| Total Expenses |
$21,833
|
$7.24
|
| Net Operating Income |
$170,704
|
$56.60
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $192,538 |
| Annual Per SF | $63.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $192,538 |
| Annual Per SF | $63.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,881 |
| Annual Per SF | $2.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,952 |
| Annual Per SF | $4.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,833 |
| Annual Per SF | $7.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $170,704 |
| Annual Per SF | $56.60 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (79)
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2455 80th St
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