20-22 Bay Shore Ave
bay shore, NY 11706$1,390,000
- contract signed
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Introducing an exceptional investment opportunity: a fully occupied legal four-family home featuring 12 bedrooms with market-rate rents, delivering a strong net operating income of $105,416 and an impressive 7.58% cap rate.
Property Highlights:
Size: 5,024 sq. ft. building on a spacious 17,859 sq. ft. lot.
Units: Four market-rate rental units with consistent tenant demand.
Prime Location:
Downtown Access: Just 0.1 miles from Main Street.
Healthcare Proximity: Only 0.4 miles from South Shore University Hospital.
Transportation: 0.4 miles from Bay Shore Train Station for easy commuting.
Tenants enjoy walkable access to dining, shopping, healthcare, and public transportation, ensuring strong occupancy and future growth potential.
This property offers investors a rare chance to own a turnkey asset in a highly sought-after area. Don’t miss out on this opportunity to expand your portfolio.
For more information or to schedule a showing, contact us today!
Details
0.41 Private Acres Exterior Space
Investment
$25,254 Annual Tax
Built in 1900
MLS/Listing ID 813113
4 Units
Amenities & Features
Cooling - Wall/window unit(s)
Heating - Other
Heating - Electric
Lot - Back Yard
Construction - Stucco
Listing Courtesy of ERIC G RAMSAY JR ASSOC LLC, ERIC GORDON RAMSAY IV - 631-665-1500
Source of Data: ONEKEY MLS