20-22 Bay Shore Avenue,Bay Shore, NY 11706
Bay Shore, NY 11706
Description
Introducing an exceptional investment opportunity: a fully occupied legal four-family home featuring 12 bedrooms with market-rate rents, delivering a strong net operating income of $105,416 and an impressive 7.58% cap rate. Property Highlights: Size: 5,024 sq. ft. building on a spacious 17,859 sq. ft. lot.Units: Four market-rate rental units with consistent tenant demand. Prime Location: Downtown Access: Just 0.1 miles from Main Street.Healthcare Proximity: Only 0.4 miles from South Shore University Hospital.Transportation: 0.4 miles from Bay Shore Train Station for easy commuting.Tenants enjoy walkable access to dining, shopping, healthcare, and public transportation, ensuring strong occupancy and future growth potential. This property offers investors a rare chance to own a turnkey asset in a highly sought-after area. Don’t miss out on this opportunity to expand your portfolio. For more information or to schedule a showing, contact us today!
Details
| MLS# | 813113 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 124 |
| Listing Provided By | Eric G Ramsay Jr Assoc LLC | Eric Gordon Ramsay IV |
Features
| Basement | Y |
|---|---|
| Units | 4 |
| Acreage | 0.41 |
Market Activity 11706
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Learn More About This Property
| State | NY |
|---|---|
| County | Suffolk County |
| City | Bay Shore |
| Zip Code | 11706 |
| Listing VS Median (in 11706) | |
Price: $1,390,000 low | high Med: $575,000 On site: 124 low | high Med: 64 | |