Exceptional development and investment opportunity in East Patchogue, located on Munsell Road. 493 Munsell Road offers a fully approved 3-lot subdivision, providing immediate rental income along with significant future development potential.
Lot 1 features an existing 2-story residence with 4 bedrooms and 3 full bathrooms. The home is currently rented with a rental permit in place, generating approximately $4,000 per month in rental income.
Lots 2 and 3 are vacant parcels, with Lot 3 configured as a flag lot, both approved for new construction. Proposed plans call for two new 2-story homes, each offering 7 bedrooms and 4 full bathrooms (plans available).
Subdivision approvals have been completed, making this a rare opportunity for investors or builders seeking a cash-flowing property with multiple approved buildable lots in a high-demand South Shore location.
1,520 Sq Ft
2.92 Private Acres Lot Size
single family home
$963 Monthly Tax
Built in 1910
MLS/Listing ID 949387
Heating - Baseboard
Parking - Driveway
Open kitchen
Cesspool
Public Water
Refrigerator
Range
Oven
Electric Water Heater
Style - Farmhouse
Construction - Vinyl Siding
Hardwood
Heating - Natural Gas
TOTAL MONTHLY COST
$0
$0
$0
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