MLS # | 3568055 |
Details | 2 fam, 4 bed, 2 bath, Lot Size: 0.06 acres, 2 Units in the building Listing Age: 120 days |
Construction Year | 1912 |
Taxes (per year) | $14,454 |
Fuel Type | Gas |
Heat type | Hot water |
LIRR | 0.4 miles to "Hempstead" |
0.7 miles to "Country Life Press" | |
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. © 2024 OneKey™ MLS, LLC