6 Beds
2 Baths
6 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 991058
Bedrooms 6
Full Baths 2
Rental Info No
Year Built 1908
Annual Tax Amount $13,217
Property Sub-Type Duplex
Source onekey2
Property Description
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.
Expansion Potential: Possible approval for a three-family conversion, allowing you to instantly scale your equity and cash flow.
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.
Bonus Land: The sale includes an adjacent lot, providing rare outdoor space, potential for additional parking, or future development (subject to local zoning).
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 and an included extra lot are a rare find in today's market.
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.
Location
State NY
County Nassau County
Rooms
Basement Unfinished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Storage, Washer/Dryer Hookup
Heating Oil
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Total Parking Spaces 6
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Park Avenue School - Westbury
Middle Schools Westbury Middle School
High Schools Westbury
School District Westbury
Others
Senior Community No
Special Listing Condition None
Nearby Locations
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