$899,000

Pending

Est. Mortgage $4,312/mo *

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423 Beach 66th Street, Arverne, NY, 11692

423 Beach 66th Street, Arverne, NY, 11692
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9 beds

4 Full baths

1920

Triplex

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!

Status:

Pending

Type:

Single-family residential

Units:

3

Garage:

1-car

Heating:

Baseboard

Cooling:

Wall/Window Unit(s)

Basement:

Full, Unfinished

Parking:

Detached, Driveway, Garage

Est. Taxes:

$5,169

Construction

Aluminum Siding

Utilities

Electricity Available, Natural Gas Available, Natural Gas Connected

School District:

Community District 27

Days on Market:

52

MLS #:

947481

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Compass Greater NY LLC 917-407-3012