20 E Pine Street, Long Beach, NY 11561
- $919,999
- 6
- BD
- 4
- BA
- List Price
- $919,999
- Days on Market
- 17
- MLS#
- 1025115
- Status
- ACTIVE
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 4935
Property Description
Don't miss this exceptional opportunity to own a **legal two-family** home in the heart of Long Beach. This well-maintained, **income-producing property** is being sold **with paying tenants in place**, making it an ideal investment for buyers seeking immediate cash flow. The property currently generates **$5,400 per month in gross rental income ($64,800 annually)**. The first-floor unit is occupied with a lease in place through **October 31, 2026**. The second-floor unit is also occupied on a **month-to-month tenancy**. Each spacious unit features **3 bedrooms, 1.5 bathrooms**, generously sized rooms, and excellent closet and storage space. Additional highlights include a **two-car garage**, a **basement with bonus space** with separate entrance, and a location just **minutes from the beach**, shopping, restaurants, parks, bars, and public transportation. The home is in **excellent condition** with **multiple important updates**, including the **roof, windows, boiler, and hot water heater**, all completed approximately **10–15 years ago**. A **new rear deck** provides additional outdoor living space and enhances the property's appeal. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this legal two-family offers strong rental income, valuable updates, and an unbeatable Long Beach location. Don't miss this excellent investment opportunity!
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Additional Information
- Year Built
- 1988
- School District
- Long Beach
- Elementary School
- Lindell Boulevard School
- Middle School
- Long Beach Middle School
- High School
- Long Beach High School
- Taxes Total
- 12981
- Heating
- Natural Gas, Other
- Parking
- Driveway, Garage
- Basement
- Partially Finished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $12,981
Mortgage Calculator
Listing courtesy of Listing Agent: Andrew Panton (AP@FAVEREALTY.COM) from Listing Office: Fave Realty Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.