New Listing - 01/13/2025
20-22 Bay Shore Avenue, Islip, (Bay Shore), NY, 11706
0 beds
1900
Quadruplex
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!
Status:
Active
Town:
Islip
Type:
Single-family residential
Units:
4
Heating:
Electric
Cooling:
Wall/Window Unit(s)
Basement:
Full
Acreage:
0.41
Est. Taxes:
$25,254
Construction
Stucco
Utilities
Electricity Connected, Sewer Connected, Water Connected
Lot Description:
Back Yard
Days on Market:
1
MLS #:
813113
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Eric G Ramsay Jr Assoc LLC 631-665-1500