127 Inlet RD, Hampton Bays, NY 11946
127 Inlet RD, Hampton Bays, NY 11946
127 Inlet RD, Hampton Bays, NY 11946
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Randy Reis

Randy Reis

+1(917) 336-1118
$2,900,000
Est. payment /mo
0.8 Acres Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1063571

Rental Info No

Year Built 1989

Annual Tax Amount $5,977

Lot Size 0.800 Acres

Acres 0.8

Property Sub-Type Multi Family

Source onekey2

Property Description

RARE FIVE-UNIT INVESTMENT COMPOUND & LOW TAXES | HAMPTON BAYS, NY. A rare five-unit compound on 0.80-acre property, in Hampton Bays, featuring a two-story main house and four detached cottages, each separately configured and currently leased. Just locks from the Shinnecock Bay shore line. This exceptional offering features a spacious two-story main house with 4 bedrooms and 4 full bathrooms, plus four detached cottages consisting of three 2-bedroom units and one 1-bedroom unit, each with its own full bathroom. The property also offers 8 parking spaces, providing added convenience for residents. Currently fully occupied, all five residences generate a combined $213,600 in gross annual rental income, with reported annual operating expenses of $36,249 and an estimated net operating income of $177,351. Ideally located near Shinnecock Bay, beautiful beaches, shopping, dining, and recreational amenities, this distinctive property combines the charm of Hamptons coastal living with established rental income and long-term investment potential. An outstanding opportunity for investors seeking a diversified rental portfolio in one of Long Island's desirable East End communities. All information, rental income, expenses, and property uses should be independently verified.

Location

State NY

County Suffolk County

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Cooling Central Air, Varies by Unit, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Driveway, Private

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected

Total Parking Spaces 8

Building

Story 2

Sewer Cesspool

Water Public

Structure Type Advanced Framing Technique

Schools

Elementary Schools Southampton Elementary School

Middle Schools Southampton Intermediate School

High Schools Southampton

School District Southampton

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by LAFFEY REAL ESTATE • Celia M. Santos

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 336-1118

Team Leader License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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