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Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,633 sqft
Price per Sqft $529
Subdivision Marine Park
MLS Listing ID RLS20079123
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1950
Annual Tax Amount $8,724
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a fully renovated legal three-family property with strong income potential and long-term value. The property sits on a 26.33 ft × 100 ft lot with a building size of approximately 18.33 ft × 40 ft, and each floor features a two-bedroom apartment layout with a living room, full bathroom, and kitchen, making the units highly rentable and appealing to tenants. The entire building underwent a complete gut renovation in 2018, with permits filed and signed off. Major improvements include new boilers, upgraded heating systems, and a new roof, along with professionally repointed brick exterior, significantly reducing future capital expenditures.
Each unit is equipped with its own boiler, gas meter, and electric meter, minimizing landlord utility responsibilities and improving operational efficiency. A separate utility room is also in place for maintenance and system access. A standout feature of the property is the extensive parking capacity, including a legal two-car garage, private driveway, and an oversized concrete backyard capable of accommodating up to eight additional vehicles—an extremely rare amenity that can enhance rental value. All units are currently occupied on a month-to-month basis, allowing immediate rental income while providing flexibility for rent adjustments or potential owner occupancy. This semi-detached, low-maintenance, turn-key property presents an excellent opportunity for investors seeking multiple revenue streams and long-term upside potential.
Note: The property is still tenant-occupied with on-time payments. Showings are available for serious offers only.
Location
State NY
County Kings
Interior
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Washer
Laundry Building None
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 07707-0012
Ownership None
Monthly Total Fees $727
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716