127 Inlet Road,Hampton Bays, NY 11946
Hampton Bays, NY 11946
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.
Details
| MLS # | 1063571 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 17 |
| Listing Provided By | LAFFEY REAL ESTATE | Celia M. Santos |
Features
| SQ Feet | 4,497 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 5 |
| Zoning | R20 |
| Acreage | 0.80 |
Interior
| Cooling | Central Air, Varies by Unit, Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Advanced Framing Technique |
|---|
Parking
| Parking Features | Driveway, Private |
|---|
Utilities
| Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected |
|---|---|
| Sewer | Cesspool |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 659600 |
| Tax Annual Amount | 5977 |
| Tax Lot | 22 |
Area Information
| State | NY |
|---|---|
| County | Suffolk County |
| City | Hampton Bays |
| Zip Code | 11946 |
| School District | Southampton High School |
| Elementary School | Southampton Elementary School |
| High School | Southampton High School |
| Listing VS Median (in 11946) | |
Price: $2,900,000 low | high Med: $819,500 sqft: 4,497 low | high Med: 988 $ / sqft: $645 low | high Med: $831 On site: 17 low | high Med: 191 | |
Market Activity 11946
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Learn More About This Property
| State | NY |
|---|---|
| County | Suffolk County |
| City | Hampton Bays |
| Zip Code | 11946 |
| School District | Southampton High School |
| Elementary School | Southampton Elementary School |
| High School | Southampton High School |
| Listing VS Median (in 11946) | |
Price: $2,900,000 low | high Med: $819,500 sqft: 4,497 low | high Med: 988 $ / sqft: $645 low | high Med: $831 On site: 17 low | high Med: 191 | |
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