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Amityville,NY 11701
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,380 sqft
Price per Sqft $278
MLS Listing ID 913853
Style Colonial
Bedrooms 12
Full Baths 6
HOA Y/N No
Rental Info No
Year Built 1920
Annual Tax Amount $13,586
Lot Size 10,798 Sqft
Acres 0.2479
Property Sub-Type Single Family Residence
Source onekey2
Property Description
An exceptional investment opportunity awaits in the Village of Amityville. Offered as a contract vendee, this property features two existing dwellings: a legal two-family residence and a separate commercial structure, both of which are already in place and simply require renovation and an addition to achieve their full potential. The two-family residence consists of a spacious first-floor four-bedroom, one-bath apartment and a second-floor three-bedroom, one-bath apartment. The commercial structure is accompanied by full village approvals and architectural plans for conversion into four additional apartments plus a ground-level retail or office space, supported by ten private parking spaces at the rear. Upon completion, the property will operate as a true six-family rental asset with a bonus commercial unit, generating a projected rent roll of $23,000 per month, or $276,000 annually. This translates into an attractive cap rate and the potential for substantial long-term cash flow. Ideally located near the Long Island Rail Road and all major conveniences, the property blends existing infrastructure with approvals in hand, ensuring a streamlined path to redevelopment. Partial seller financing is available, making this a rare chance to acquire a fully approved, high-yield mixed-use property that will stand out as both a six-family income producer and a one-of-a-kind addition to any portfolio
Location
State NY
County Suffolk County
Rooms
Basement Partial
Interior
Interior Features Other
Heating Natural Gas,Other
Cooling Central Air
Fireplace No
Appliance None
Exterior
Utilities Available Natural Gas Connected
Waterfront Description Canal Access
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Stone,Stucco
Schools
Elementary Schools Park Avenue School - Suffolk
Middle Schools Edmund W Miles Middle School
High Schools Amityville
School District Amityville
Others
Senior Community No
Special Listing Condition Contract Vendee