Property Description

22-55 48th Street is a rare, completely detached legal two family home in the heart of Astoria, offering privacy, versatility, and strong investment potential. Gut renovated in 2020, including a brand new roof, this property requires no additional work truly move in ready for an end user or rent ready for an investor seeking immediate income.The top floor apartment features two spacious bedrooms and a third smaller bedroom that is perfect for a home office, kids' room, or nursery. The unit also includes a private balcony and an open concept living room, kitchen, and dining area designed for modern living and entertaining. The largest bedroom can comfortably accommodate a king size bed. This apartment is currently rented for $2,800 per month on a month to month basis, providing flexibility for either continued rental income or future occupancy.The first floor unit offers two bedrooms along with its own open living room, kitchen, and dining layout, creating a bright and functional living space. The primary bedroom in this unit is also large enough to fit a king size bed. This unit also enjoys direct access to the large front porch, adding great outdoor space for relaxing or entertaining.Each apartment is equipped with separate hot water heaters and split units throughout for efficient heating and cooling, offering comfort and convenience for both owners and tenants. The finished basement features 8 foot ceilings and a separate exterior entrance, providing valuable additional space ideal for recreation, storage, or extended living. The property also includes driveway parking.Another major benefit is the property's relatively low taxes, approximately $7,000 annually, significantly lower than the typical Astoria two family where property taxes often range between $10,000-$11,000 per year, making ownership more affordable.Completely detached, an exceptional find in Astoria, this turnkey property is ideal for investors, end users, or those seeking the perfect setup for multi generational living, allowing extended family to live comfortably while maintaining privacy between units.

Property Features