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Rare opportunity to own a beautifully renovated legal 2-family home with Certificate of Occupancy, offering exceptional versatility for investors, or owner-occupants seeking premium rental income potential. Thoughtfully upgraded throughout, this impressive property combines modern finishes, major capital improvements, and true pride of ownership. Unit A is a newly remodeled 4-bedroom, 2. 5-bath residence featuring a stunning custom kitchen with quartz countertops, new SS appliances, soft-close cabinetry, luxury vinyl plank flooring throughout, and beautifully updated bathrooms. A fully permitted fourth bedroom with egress window on the main level adds valuable flexibility for guests, a home office, or extended living space. Additional upgrades include solid core interior doors and hardwired smoke/carbon monoxide detectors with voice activation throughout the home. Unit B offers a spacious 3-bedroom, 2. 5-bath layout and is currently rented for $3, 570/month on a month-to-month basis, providing immediate income potential. The property can be delivered with the tenant in place or vacant with notice. Extensive exterior improvements elevate both curb appeal and functionality, including brand-new siding, windows, entry doors, garage doors, driveways, pavers, concrete patio, white PVC fencing with oversized gates, and professionally designed flowerbeds. Enjoy outdoor living from the newly constructed TREX balconies/decks accessible from both second-floor primary bedrooms over looking the sprawling . 23 acre yard. The fully upgraded sprinkler system services the entire property and flowerbeds and can be conveniently controlled via WiFi/app access. Additional upgrades include new water heaters with expansion tanks, new interior water main shutoff valves, and re-keyable Kwikset locks throughout for added convenience and security. Located in the West Babylon School District, just minutes to Babylon Village, LIRR (Less than 1 mile), Argyle Lake, public transportation, and local shops, with easy access to Farmingdale Village. A truly turnkey multi-family property offering luxury updates, strong income potential, and outstanding flexibility — all wrapped into one exceptional opportunity.
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Our Executive Mortgage Banker:
$999,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,999 | $799,999 | $799,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.259% | 6.058% |
| Monthly Tax Payment | $1,696 | $1,696 | $1,696 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,480 | $4,861 | $6,697 |
| Total Monthly Payment | $6,268 | $6,649 | $8,485 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.