Southampton, NY 11946

Property

Ownership: For Sale
Type: Multi-Family
Pets: No Pets Allowed
Lot Size: 0.73 Acres

Financials

Price:$1,550,000
Annual Taxes:$8,702.58
25 Nugent Street, Southampton, NY 11968, USA
Listing Courtesy of Douglas Elliman Real Estate

PRIME LEGAL MULTI FAMILY INVESTMENT PROPERTY DEVELOPMENT POTENTIAL An exceptional opportunity to acquire a legal three unit multi family property ideally positioned in the vibrant core of Hampton Bays.

Description

PRIME LEGAL MULTI-FAMILY INVESTMENT PROPERTY + DEVELOPMENT POTENTIAL An exceptional opportunity to acquire a legal three-unit multi-family property ideally positioned in the vibrant core of Hampton Bays. This two-story residence spans 2,782 square feet across a generous 0.73-acre lot, offering a rare combination of space, stability, and upside. Featuring 5 bedrooms and 3 full bathrooms, the property is thoughtfully configured to support consistent rental income with extremely low operating expenses. Each unit is tenant-occupied, providing immediate cash flow and long-term investment security. Tenants pay all utilities! Located minutes from beaches, shopping, dining, and transportation, this property benefits from strong year-round demand and excellent accessibility. Whether you're expanding your portfolio or entering the East End market, this legal asset delivers on location, income, and potential. In addition to its current configuration, the site presents a compelling opportunity for expansion. The positioning of the existing residence on the lot allows for the potential development of additional structures, creating the possibility to increase the total number of units and enhance the rent roll. This added flexibility further elevates the long-term value and appeal of the investment.

Amenities

  • Water Connected

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.