Listing Notes
Prime Rental Income Opportunity - 3 Family Property Near the Beach in Arverne, NY. Discover a fantastic investment opportunity in the heart of Arverne! This well-maintained multi family home features three distinct units, offering the perfect blend of rental income and living space. Ideal for both investors and those looking to reside in one unit while renting out the others. Sold as is. Property Features: First Floor Unit: - 4 Bedrooms - 2 Bathrooms - Rental Income: $2,900/month - Spacious layout with a decent kitchen, perfect for groups. Second Floor Unit: - 3 Bedrooms - 1 Bathroom - Rental Income: $2,000/month - Great space for tenants looking for comfort and convenience. Third Floor Unit: - 2 Bedrooms - 1 Bathroom - Rental Income: $1,200/month - A unique space with potential for additional income. Additional Features: -Basement: Provides extra storage space for tenants or homeowners. -Garage: Convenient parking option and additional storage. -Backyard: A private outdoor space for relaxation or gatherings. Investment Highlights: Total Rental Income: $6,100/month, providing excellent cash flow. Cap Rate: 8.14% indicating strong investment potential. Location:Just minutes from beautiful beaches, parks, and local amenities, making it attractive for renters and residents alike. Additional Information: Opportunity for Updates: While the units are in good condition, there is potential for minor updates to increase rental value. Why This Property? Whether you are an investor looking to expand your portfolio or a homeowner seeking rental income, this property offers endless possibilities. Don't miss out on this chance to own a piece of Arverne!
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $499,000 to $1,299,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 457 Beach 66th St | $499,000 | 3 bd · 2 ba |
| 67-02 Almeda Ave | $549,000 | 3 bd · 2 ba |
| 69-18 Gouverneur Ave | $560,000 | Studio |
| 559 Beach 65th St | $599,000 | 3 bd · 1 ba |
| 6940 Gouverneur Ave | $599,000 | 4 bd · 2 ba |
| 6940 Gouverneur Ave | $599,000 | 4 bd · 2 ba |
| 6934 Almeda Ave | $635,000 | 4 bd · 3 ba |
| 69-39 Elizabeth Ave | $650,000 | 3 bd · 2 ba |
| 558 Beach 67th St | $699,000 | Studio |
| 614 Beach 69th St | $750,000 | 4 bd · 3 ba |
| 6-24 Beach 64th St | $775,000 | 5 bd · 3 ba |
| 448 Beach 64th St | $779,000 | Studio |
| 560 Beach 68th St | $789,999 | 3 bd |
| 465 Beach 67th St | $799,000 | 4 bd · 2 ba |
| 423 Beach 63rd St | $849,000 | 5 bd · 3 ba |
| 643 Beach 67th St | $849,000 | 6 bd · 4 ba |
| 6226 Elizabeth Rd | $865,000 | 5 bd · 3 ba |
| 6923 Hessler Ave | $890,000 | 7 bd · 4 ba |
| 552 Beach 68th St | $899,999 | 4 bd · 3 ba |
| 341 Beach 67 St | $900,000 | 4 bd · 4 ba |
| 320 Beach 67th St | $950,000 | 8 bd · 6 ba |
| 6428 Ocean Ave S | $1,145,000 | 5 bd · 4 ba |
| 110 Beach Way | $1,289,000 | 4 bd · 1 ba |
| 428 Beach 65th St | $1,299,000 | 6 bd · 7 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more