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$1,450,000
Est. payment /mo
3 Beds
4 Baths
2,238 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 913569
Bedrooms 3
Full Baths 4
Rental Info No
Year Built 1925
Annual Tax Amount $26,986
Lot Size 2,238 Sqft
Acres 0.0514
Property Sub-Type Duplex
Source onekey2
Property Description
Exceptional investment opportunity in the Heart of West Hempstead! Features a 4-Unit Mixed-Use Corner Building with a detached 2 Car Garage. The property features 20+ feet of frontage on high-traffic Hempstead Avenue, excellent signage and exposure. Equipped with 3-phase industrial electrical service (300 amps). 1st Floor Offers Store-Tattoo parlor with full basement $3,000 month ($36,000/year – can be delivered vacant) and Studio apartment $1,500 month ($18,000/year), 2nd Floor Units Offer a 2-bedroom apartment $2,400 month ($28,800/year), a 1-bedroom apartment $2,300 month ($27,600/year), and detached 2 car garage rental $500 month ($6,000/year). Zoned for flexibility, it's perfect for investors, developers, or end-users seeking a value-add opportunity or future redevelopment site. Gross annual rental income $116,400 and annual expenses $31,036.25. Located just blocks from the West Hempstead and Hempstead Gardens LIRR stations and surrounded by national retailers. This property offers unmatched visibility, steady cash flow, and tremendous upside. Don't miss the chance to own a high-yield asset in one of Nassau County's most desirable corridors.
Location
State NY
County Nassau County
Rooms
Basement Full, Unfinished
Interior
Interior Features Other
Heating Steam, Other
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 2.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools West Hempstead
School District West Hempstead
Others
Senior Community No
Special Listing Condition None
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Listed by Keller Williams Landmark II • Afshin Termechi
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