20-22 Bay Shore Avenue, Bay Shore, NY, 11706
$1,390,000
Misc
For Sale
Details
ML#: 813113
- # of Families: 4
- Year Built: 1900
- Taxes: $25,254
- Status:Active
Description
Introducing an exceptional investment opportunity: a fully occupied legal four-family home featuring 12 bedrooms with market-rate rents, delivering a strong net operating income of $105, 416 and an impressive 7.58% cap rate.Property Highlights:Size: 5, 024 sq. ft. building on a spacious 17, 859 sq. ft. lot.Units: Four market-rate rental units with consistent tenant demand.Prime Location:Downtown Access: Just 0.1 miles from Main Street.Healthcare Proximity: Only 0.4 miles from South Shore University Hospital.Transportation: 0.4 miles from Bay Shore Train Station for easy commuting.Tenants enjoy walkable access to dining, shopping, healthcare, and public transportation, ensuring strong occupancy and future growth potential.This property offers investors a rare chance to own a turnkey asset in a highly sought-after area. Don’t miss out on this opportunity to expand your portfolio.For more information or to schedule a showing, contact us today!
More Property Details
Lot Size: 0.41
Lot Sq Ft: 17859
Heat: Electric
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $25,254
Listing Information provided courtesy of
Eric G Ramsay Jr Assoc LLC
631-665-1500