Hempstead NY, 11550
$680,000
Multi Family
For Sale
4 Beds
, 2 Full Bath
Details
ML#: 3568055
- Style: Two Story
- # of Families: 2
- Year Built: 1912
- Taxes: $6,282
- VillageTaxes: $8,172
- Status:Active
Description
5.78 Cap 2 Family Investment property 100% occupied with Section 8 Tenants under the NYS HCR EHV Program. 1st floor tenants have just renewed 1 year lease in May and 2nd floor tenant renewed a 1 year lease in December. Currently the second floor unit is rented for $2700.00 monthly and the first floor unit is rented for $2, 400.00 monthly. The annual gross income is $61, 200.00 after expenses the NOI is $40, 464.47 representing a 5.78 Cap Rate. The 2nd floor tenant pays 100% of their utilities and 1st floor tenant pays their own electric and Landlord pays on average $250.00 monthly for 1st floor tenants gas. 64 Stewart Avenue is a perfect opportunity for an investor to acquire an income-producing asset.
More Property Details
Bedroom: 4
Full Bath: 2
Other: 4
Lot Size: 0.06
Lot Sq Ft: 2500
Garage: 0.0
Parking Spaces: Yes
Parking Facilities: Private, Driveway
Refrigerator: Yes
Heat: Natural Gas, Hot Water
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $6,282
Maintenance: $1,200
Village Taxes: $8,172
School District#: 5
School District: New Hyde Park-Garden City Park
Block: 238
Lot: 495