423 Beach 66th ST, Arverne, NY 11692
423 Beach 66th ST, Arverne, NY 11692
423 Beach 66th ST, Arverne, NY 11692
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Randy Reis

Randy Reis

+1(917) 435-4870
$899,000
Est. payment /mo
9 Beds
4 Baths
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UPDATED:

Key Details

Property Type Multi Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 947481

Bedrooms 9

Full Baths 4

Rental Info No

Year Built 1920

Annual Tax Amount $5,169

Property Sub-Type Triplex

Source onekey2

Property Description

Prime Rental Income Opportunity - 3 Family Property Near the Beach in Arverne, NY. Discover a fantastic investment opportunity in the heart of Arverne! This well-maintained multi family home features three distinct units, offering the perfect blend of rental income and living space. Ideal for both investors and those looking to reside in one unit while renting out the others. Sold as is.

Property Features:
First Floor Unit:
- 4 Bedrooms
- 2 Bathrooms
- Rental Income: $2,900/month
- Spacious layout with a decent kitchen, perfect for groups.

Second Floor Unit:
- 3 Bedrooms
- 1 Bathroom
- Rental Income: $2,000/month
- Great space for tenants looking for comfort and convenience.

Third Floor Unit:
- 2 Bedrooms
- 1 Bathroom
- Rental Income: $1,200/month
- A unique space with potential for additional income.

Additional Features:
-Basement: Provides extra storage space for tenants or homeowners.
-Garage: Convenient parking option and additional storage.
-Backyard: A private outdoor space for relaxation or gatherings.

Investment Highlights:
Total Rental Income: $6,100/month, providing excellent cash flow.
Cap Rate: 8.14% indicating strong investment potential.
Location:Just minutes from beautiful beaches, parks, and local amenities, making it attractive for renters and residents alike.

Additional Information:
Opportunity for Updates: While the units are in good condition, there is potential for minor updates to increase rental value.

Why This Property?
Whether you are an investor looking to expand your portfolio or a homeowner seeking rental income, this property offers endless possibilities. Don't miss out on this chance to own a piece of Arverne!

Location

State NY

County Queens

Rooms

Basement Full, Unfinished

Interior

Interior Features First Floor Bedroom, First Floor Full Bath, Primary Bathroom, Master Downstairs

Heating Baseboard

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Detached, Driveway, Garage

Garage Spaces 1.0

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected

Garage true

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

Schools

High Schools Queens 27

School District Queens 27

Others

Senior Community No

Special Listing Condition None

Read Less Info
OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Compass Greater NY LLC • Marjorie Tornatore

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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