64 Stewart AVE Active Save Request In-Person Tour Request Virtual Tour
Hempstead,NY 11550
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3568055
Style Two Story
Bedrooms 4
Full Baths 2
Year Built 1912
Annual Tax Amount $14,453
Lot Size 2,613 Sqft
Property Description
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.
Location
State NY
County Nassau
Rooms
Kitchen 2
Interior
Heating Natural Gas,Hot Water
Cooling None
Exterior
Garage Private,Driveway
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Aluminum Siding
New Construction No
Schools
Elementary Schools Jackson Annex School
Middle Schools Alverta B Gray Schultz Middle Sch
High Schools Hempstead High School
School District Hempstead
Others
Special Listing Condition None