Unique investment opportunity in the heart of Rockaway Beach! This oversized 50x100 lot features a 3-family home plus TWO detached bungalows—5 income-producing units in total. All units are fully occupied with rent-paying tenants, providing immediate and consistent cash flow. The main building includes three well-maintained residential units, each with separate entrances and utilities. The detached bungalow offers additional privacy and rental income. Located just minutes from the beach, public transportation, shopping, and dining, this property is ideally situated in one of the most vibrant and desirable areas of the Rockaways!
Heating:
Baseboard, Hot Water, Natural Gas, Oil
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Trash Collection Public, Water Available
181 Beach 91st Street, Rockaway Beach, NY, 11693
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
