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Property Description

AMAZING INVESTMENT OPPORTUNITY THAT YOU WILL NOT WANT TO MISS! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5,400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64,800, with a NOI of $44,400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. PLEASE CALL OR TEXT NOW, DO NOT MISS OUT!!!

Features
Heating System:
Natural Gas
Cooling System:
Wall/window Unit(s)
Basement:
Unfinished
Appliances:
Stainless Steel Appliance(s)
Fireplace Features:
Wood Burning Stove
Flooring:
Hardwood
Garage Spaces:
0
Interior Features:
First Floor Bedroom
Lot Features:
Near Public Transit
Parking Features:
Driveway
Sewer:
Public Sewer
Utilities:
Natural Gas Available, Electricity Available
Waterfront Features:
Beach Front, Lake Privileges
Address Map
City:
Hempstead
State:
NY
County:
Nassau County
Property and Construction
Architectural Style:
Cottage
Construction Materials:
Other
Development Status:
Frame
Elementary School:
Kent Elementary School
High School:
Carmel High School
Levels:
One
Agent MlsId:
55410
Office MlsId:
BUSHMAN
MiddleOrJunior School:
George Fischer Middle School
Number Of Units:
2
Other Structures:
Outbuilding
Senior Community:
1
Special Listing Conditions:
No
Tax Annual Amount:
$14,454
Water Source:
Public
PhotosCount:
4

Residential Income For Sale

64 Stewart Avenue, Hempstead, NY

4 Bedrooms
2 Bathrooms
$625,000
Listing ID #812797
Basic Details
Property Type :
Residential Income
Property SubType :
Duplex
Listing ID :
812797
Price :
$625,000
Bedrooms :
4
Bathrooms :
2
Bathrooms Total :
2
Building Area :
1,164 Sqft
Year Built :
1912
Status :
Active
Status :
Active
Listing Office :
Bushman Hill Real Estate
Listing Agent :
Brandon X. Eden
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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