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64 Stewart Avenue Hempstead, NY 11550
$680,000
  • For Sale
  • 4 Bedrooms
  • 2 Full Baths
  • Year Built 1912
  • Multi Family
  • ML# 3568055

Property Details

Overview

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 floor 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.

Key Facts

  • Style: Two Story
  • Lot Size: 0.06
  • Lot Sq Ft: 2500
  • Taxes: $6,282
  • VillageTaxes: $8,172
  • School District#: 5
  • School District: New Hyde Park-Garden City Park
  • Block: 238
  • Lot: 495

Additional Features

  • Construction Materials: Frame, Aluminum Siding
  • Garage: 0.0
  • Parking Spaces: Yes
  • Parking Facilities: Private, Driveway

Rooms & Floor Plans

  • Bedroom: 4
  • Full Bath: 2
  • Other: 4

Interior & Utilities

  • Refrigerator: Yes
  • Heat: Natural Gas, Hot Water
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $6,282
  • Maintenance: $1,200
Listing Information provided courtesy of Keystone Realty USA Corp  631-261-2800
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