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$ 625,000
Est. payment /mo
Price Dropped by $5.6M
64 Stewart AVE Hempstead, NY 11550
4 Beds
2 Baths
2,500 Sqft Lot
UPDATED:
01/13/2025 04:43 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY812797
Bedrooms 4
Full Baths 2
Originating Board onekey2
Rental Info No
Year Built 1912
Annual Tax Amount $14,453
Lot Size 2,500 Sqft
Acres 0.0574
Property Description
AMAZING INVESTMENT OPPORTUNITY THAT YOU WILL NOT WANT TO MISS! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5,400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64,800, with a NOI of $44,400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. PLEASE CALL OR TEXT NOW, DO NOT MISS OUT!!!
Location
State NY
County Nassau County
Rooms
Basement Unfinished
Interior
Interior Features First Floor Bedroom
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Electricity Available, Natural Gas Available
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Hempstead
Others
Senior Community No
Special Listing Condition None
Listed by Bushman Hill Real Estate