198-03 Hollis Avenue

This well-maintained mixed-use property presents a strong income-producing opportunity with a balanced combination of residential and commercial revenue streams. Currently generating approximately $7,255 per month, or $87,060 annually, the building is ideal for investors seeking stable cash flow or owner-operators looking to benefit from built-in rental income. The property includes two residential units and one ground-floor retail storefront, along with a finished basement utilized by the commercial tenant for additional operational or storage space. The residential component consists of a spacious three-bedroom apartment generating $2,555 per month and a studio apartment leased at $2,200 per month, while the retail space produces $2,500 per month in rental income. Situated on a 21-foot by 131.17-foot lot with a building footprint of 18 feet by 55 feet, the property also offers rear parking for up to four vehicles, a highly valuable feature for both residential tenants and commercial users. Combining stable in-place income, flexible mixed-use functionality, and valuable parking, this turnkey asset offers long-term investment appeal and operational versatility.