PRE-FORECLOSURE SALE BY LENDER ONLY $995,000.00 BUY THE LENDERS POSITION

4108 111th St, Corona, NY 11368

$1,250,000 After Repair Value -
$995,000 Asking Price -
$0 Cost of Repairs =
$255,000 Potential Profit

Property Details

Asking Price $995,000

After Repair Value $1,250,000

Costs of Repairs $0

Potential Profit $255,000

Living Area 4350 ft2

Property Type Townhome

Bedrooms +7

Bathrooms 6

Half Bathrooms 0

Parking 0

Listed with Agent Yes

Property Description

PRE-FORECLOSURE SALE BY LENDER ONLY $995,000.00 BUY THE LENDERS POSITION, COMPLETE THE FORECLOSURE, RENOVATE THE 6 UNITS OR CONVERT TO 3 UNITS, TO MEET YOUR SPECIFIC REQUIREMENTS, AND SAVE A SUBSTANTIAL AMOUNT OF MONEY.

6-FAMILY BUILDING IDEAL FOR AN EXTENDED FAMILY OR OWNER OCCUPANCY. CAN BE CONVERTED INTO CONDOMINIUMS OR A SINGLE-FAMILY RESIDENCE. THE PROPERTY WILL BE CONDITIONALLY VACANT. CURRENTLY, 3 UNITS CAN BE DELIVERED VACANT, WITH THE REMAINING 3 UNITS TO BE VACATED UPON SALE AGREEMENT, WITH AN ESTIMATED FULL VACANCY WITHIN 3 MONTHS.
FOR INQUIRIES, PLEASE CONTACT ALI AT - OR RAZA AT - , MONDAY TO FRIDAY FROM 10:15 AM TO 7:45 PM, AND SATURDAYS FROM 9:15 AM TO 3:45 PM, OR JERRY AT - BETWEEN 11 AM AND 9 PM, 7 DAYS A WEEK. THE ASKING PRICE IS $995,000 NET TO LENDER, WHICH, WHEN DIVIDED BY 6 UNITS, EQUATES TO $166,000 PER UNIT.
THE BUYER WILL BE REQUIRED TO MAKE A DOWN PAYMENT OF 10%, WHICH AMOUNTS TO $99,500.00. THE BROKER COMMISSION, ON A NON-EXCLUSIVE BASIS, IS 4.5%, TOTALING $44,775. TO CLAIM THE COMMISSION, PLEASE EMAIL YOUR CLIENT\'S NAME TO - PO@ - WITH THE SUBJECT LINE \"CLIENT WE INTRODUCED TO 111TH STREET\" AFTER SHOWING THE PROPERTY AND NOTIFYING US. THE COMMISSION WILL BE AWARDED IF YOU FOLLOW THE ABOVE INSTRUCTIONS AND YOUR CLIENT SUCCESSFULLY CLOSES THE DEAL.


6-FAMILY BUILDING IDEAL FOR AN EXTENDED FAMILY OR OWNER OCCUPANCY. CAN BE CONVERTED INTO CONDOMINIUMS OR A SINGLE-FAMILY RESIDENCE. THE PROPERTY WILL BE CONDITIONALLY VACANT. CURRENTLY, 3 UNITS CAN BE DELIVERED VACANT, WITH THE REMAINING 3 UNITS TO BE VACATED UPON SALE AGREEMENT, WITH AN ESTIMATED FULL VACANCY WITHIN 3 MONTHS.
FOR INQUIRIES, PLEASE CONTACT ALI AT - OR RAZA AT - , MONDAY TO FRIDAY FROM 10:15 AM TO 7:45 PM, AND SATURDAYS FROM 9:15 AM TO 3:45 PM, OR JERRY AT - BETWEEN 11 AM AND 9 PM, 7 DAYS A WEEK. THE ASKING PRICE IS $995,000 NET TO LENDER, WHICH, WHEN DIVIDED BY 6 UNITS, EQUATES TO $166,000 PER UNIT.
THE BUYER WILL BE REQUIRED TO MAKE A DOWN PAYMENT OF 10%, WHICH AMOUNTS TO $99,500.00. THE BROKER COMMISSION, ON A NON-EXCLUSIVE BASIS, IS 4.5%, TOTALING $44,775. TO CLAIM THE COMMISSION, PLEASE EMAIL YOUR CLIENT\'S NAME TO - PO@ - WITH THE SUBJECT LINE \"CLIENT WE INTRODUCED TO 111TH STREET\" AFTER SHOWING THE PROPERTY AND NOTIFYING US. THE COMMISSION WILL BE AWARDED IF YOU FOLLOW THE ABOVE INSTRUCTIONS AND YOUR CLIENT SUCCESSFULLY CLOSES THE DEAL.

PROPERTY DESCRIPTION
THIS GRACEFUL THREE-STORY BUILDING, SITUATED IN CORONA, QUEENS, NY, FEATURES A TOTAL OF 6 RESIDENTIAL UNITS. FOUR APARTMENTS ON THE SECOND AND THIRD FLOORS EACH OFFER 2 BEDROOMS, WHILE THE TWO APARTMENTS ON THE GROUND FLOOR HAVE 1 BEDROOM EACH, WITH THE POTENTIAL TO BE CONVERTED INTO 2 BEDROOMS. IN TOTAL, THE BUILDING INCLUDES 10 BEDROOMS AND 6 BATHROOMS. CONVENIENTLY LOCATED, A GARDEN IS ACCESSIBLE FROM THE GROUND FLOOR REAR UNIT. THE PROPERTY IS JUST 1 ½ SHORT BLOCKS AWAY FROM THE 111TH STREET AND ROOSEVELT AVE \"7\" LINE TRAIN STATION.

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