INVESTORS DELIGHT..MAJOR INCOME PRODUCER, CAP RATE OVER 9%! This is a 10 bedroom with a 3 family permit in Massapequa. This home has 3 boilers, 3 hot water heaters, and 4 electric panels (last one for common areas). Both apartments on the 1st floor which are 3 bed 1 bath each have been updated in last 2 years, and the 4 bedroom 2nd fl. apartment was fully renovated 8 months ago. Currently program approved for $10,600 a month in rent. Each 3 bedroom apt earns $3400 a month and the 4 bedroom receives $3800 a month. Each apt has its own new electric sub panel. New PVC Fence installed 2024. Oversized basement with concrete floor. Large empty lot next to building on one side and 5+ car driveway on the other.
Listing courtesy of Listing Agent: Christine Nappa C2EX (Napparealty@gmail.com) from Listing Office: Nappa Realty Inc.
Selling Office: Compass Greater NY LLC.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.