Apt: 75 -77
Islip, NY 11706

Property

Ownership: For Sale
Type: Unknown
Bathrooms: 1
Pets: Pets No
Lot Size: 0.34 Acres

Financials

Price:$1,800,000
Annual Taxes:$22,243
6243 Northern Blvd
Phone:
Listing Courtesy of Howard Hanna Coach

Description

**Welcome to Your Investment Opportunity: Multifamily Home for Sale!** Discover a fantastic investment in this well-maintained multifamily residence, featuring Four spacious apartments, each boasting three bedrooms and one bath. The property includes a full basement, offering additional storage and utility space for tenants. The current layout allows for comfortable living, with each unit featuring generous living areas, well-appointed kitchens, and three bedrooms ideal for families or groups. Tenants are responsible for their own gas and electricity, ensuring a straightforward management experience. This property also comes with detached garages, providing convenient parking and additional rental potential, as they are metered separately. With a current yearly cash flow of $141,031 and a capitalization rate of 7.5%, this is an excellent opportunity for both seasoned investors and those looking to enter the rental market. Don’t miss out on the chance to own a stable and profitable asset

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Available

Welcome to Your Investment Opportunity Multifamily Home for Sale !

Colonial house with a front lawn, brick siding, and a residential view

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.