8430 Wiley Post Ave

Investment Highlights

Property Overview

8430 Wiley Post Ave is a well-positioned 4-unit property offering a blend of new construction, mid-term rental income, and strong appeal for both investors and owner-users. The property generates $123,000 in current annual income, with one-bedroom units achieving approximately $3,500/month on mid-term rentals. The property features a great unit mix of four 1-bedroom/1-bath units, including two newly constructed units completed in 2024. These rear units offer vaulted ceilings, in-unit washer and dryer, all new appliances, and private outdoor spaces, making them highly attractive to both tenants and mid-term rental users. The front unit features a large private yard, a rare amenity that enhances livability and makes it especially attractive for an owner-occupier or long-term tenant. Currently, the back and middle units are operated as Airbnb rentals, generating strong income; however, these units can be delivered vacant at close of escrow, providing a buyer with immediate flexibility to set market rents, continue mid-term rental operations, or occupy a unit. This flexibility allows a buyer to implement their preferred strategy from day one—whether maximizing returns through mid-term rentals or occupying a unit while offsetting expenses with rental income. Located north of Manchester, the property sits in a quiet residential neighborhood in Westchester, making it appealing to both tenants and owner-occupants.