Rare Investment Opportunity Multi Family This isn't just another listing ; it s a once in a lifetime opportunity to secure a high performing asset with built in growth potential.
| Website: | https://www.nestseekers.com/5437451 |
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| Address: | North Hempstead, NY 11590 |
| Ownership: | For Sale |
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| Type: | Duplex |
| Bedrooms: | 6 BR |
| Bathrooms: | 2 |
Financials
Description
Rare Investment Opportunity: Multi-Family
This isn't just another listing; it’s a once-in-a-lifetime opportunity to secure a high-performing asset with built-in growth potential. Whether you are looking for a turnkey rental machine or a project with a massive upside, this property delivers on every front.
Property Highlights
Current Configuration: Legal two-family residence.
Major Renovations (2010): Peace of mind comes standard. The property underwent a comprehensive overhaul in 2010, including:
Updated Plumbing: Modernized throughout.
Upgraded Electric: Total system overhaul.
New Sheetrock: Clean, modern finishes in both units.
Mechanicals: Equipped with high-efficiency Separate boilers in both units.
Utilities: Separate electric meters for each unit, keeping overhead low and management simple.
Financials & Value Add
Current Rent Roll: Generating a robust $6,700 per month.
Why This Property?
The heavy lifting has already been done. With the major systems updated and a strong existing rent roll, you can collect a premium income from day one while pursuing the third-unit conversion. Multi-family properties with this level of upkeep.
Investor Note: High demand and a proven income stream make this an ideal candidate for 1031 exchanges or a cornerstone for any real estate portfolio.
Don't wait—opportunities with this much "meat on the bone" disappear fast.
Amenities
- Cable - Available
- Eat-in Kitchen
- Electricity Connected
- Entrance Foyer
- First Floor Bedroom
- First Floor Full Bath
- Sewer Connected
- Storage
- Trash Collection Public
- Washer/Dryer Hookup
- Water Connected
6243 Northern Blvd | |
| Listing Courtesy of Coldwell Banker American Homes | |