64 Stewart Avenue
Hempstead,
NY
11550
- For Sale
- NEW
- 4 Bedrooms
- 2 Full Baths
- Year Built 1912
- Misc
- ML# 812797
Property Details
Overview
AMAZING INVESTMENT OPPORTUNITY THAT YOU WILL NOT WANT TO MISS! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5, 400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64, 800, with a NOI of $44, 400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. PLEASE CALL OR TEXT NOW, DO NOT MISS OUT!!!
Key Facts
- •Lot Size: 0.0574
- •Lot Sq Ft: 2500
- •Taxes: $14,454
- •School District#: 5
- •School District: New Hyde Park-Garden City Park
- •Construction Materials: Frame
- •Interior Features:
First Floor Bedroom
- •Parking Spaces: Yes
- •Parking Facilities: Driveway
- •Bedroom: 4
- •Full Bath: 2
- •Heat: Natural Gas
- •A/C: Wall/Window Unit(s)
- •Water: Public
- •Sewer: Public Sewer
Listing Information provided courtesy of
Bushman Hill Real Estate
914-703-8609
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS