Listing Courtesy of: Barry Clare - Keystone Realty USA Corp
631-261-2800
$680,000
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64 Stewart Ave Hempstead, NY 11550
Other
Residence
4
Beds
2
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
5.78 Cap 2 Family Investment property 100% occupied with Section 8 Tenants under the NYS HCR EHV Program. 1st floor tenants have just renewed 1 year lease in May and 2nd floor tenant renewed a 1 year lease in December. Currently the second floor unit is rented for $2700.00 monthly and the first floo...r unit is rented for $2,400.00 monthly. The annual gross income is $61,200.00 after expenses the NOI is $40,464.47 representing a 5.78 Cap Rate. The 2nd floor tenant pays 100% of their utilities and 1st floor tenant pays their own electric and Landlord pays on average $250.00 monthly for 1st floor tenants gas. 64 Stewart Avenue is a perfect opportunity for an investor to acquire an income-producing asset.
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MLS#
3568055
Property Type
Other
Bedrooms
4
Bathrooms
2 Full
Year Built
1912
Stories
2.0
Sewer
Public Sewer
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