UPDATED:
Key Details
Property Type Multi Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1012493
Style Farmhouse
Bedrooms 8
Full Baths 5
Rental Info No
Year Built 1909
Annual Tax Amount $9,720
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Quadruplex
Source onekey2
Property Description
Discover a rare and versatile multi-residence compound in the heart of East Quogue, offering exceptional investment potential and a proven history of rental income with a 7.1% cap rate. Whether you're seeking a lucrative income-producing property, a private retreat, or a combination of both, this unique offering presents endless possibilities. The centerpiece of the property is a charming farmhouse, once a popular Bed and Breakfast from the 1900's, "The Morgan Tourister". Filled with generous living space, the home comfortably accommodates you and your guests, featuring five bedrooms, living room, formal dining room, spacious eat-in country kitchen, den, and expansive outdoor areas. Unwind and enjoy peaceful afternoons on the inviting wraparound porch overlooking the property's beautiful grounds. Complementing the main residence are two separate one-bedroom cottages and an attached studio, each with its own private yard area, providing ideal accommodations for guests and tenants. Rental permits are already in place, making this a turnkey opportunity for immediate income generation. The grounds offer ample parking, abundant outdoor entertaining areas, and room for a pool, creating even more opportunities to enhance and personalize the estate. Bordering a picturesque 35-acre tree farm and ideally situated on the Quogue border, this desirable location is just moments from East Quogue's charming shops, restaurants, ocean beaches, train service, Hampton Jitney stops, and less than two hours from New York City. A truly unique opportunity to own a multi-residence compound with established rental history, bordering beautiful open space, in one of the Hamptons most sought-after locations.
Location
State NY
County Suffolk County
Rooms
Basement Bilco Door(s), Unfinished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Built-in Features, Eat-in Kitchen, Entrance Foyer, Formal Dining, Original Details, Pantry, Primary Bathroom
Heating Oil
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Private
Utilities Available Electricity Connected, Trash Collection Private, Water Connected
Garage false
Private Pool No
Building
Sewer Septic Tank
Water Public
Structure Type Frame
Schools
Elementary Schools East Quogue School
Middle Schools Westhampton Middle School
High Schools Westhampton Beach
School District Westhampton Beach
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716