Price Reduced 2.86%
Price History
$700,000
7/24/2024
$680,000
8/26/2024
64 Stewart Avenue, Hempstead, NY, 11550
10 rooms
4 beds
2 Full baths
1912
Two Story
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.
Status:
Active
Type:
Multi-family
Units:
2
Heating:
Natural Gas, Hot Water
Cooling:
None
Basement:
Unfinished
Parking:
Private, Driveway
Acreage:
0.06
Est. Taxes:
$14,454
Assessment
$256,000
Construction
Frame, Aluminum Siding
Elementary School:
Jackson Annex School
Middle School:
Alverta B Gray Schultz Middle Sch
High School:
Hempstead High School
School District:
Hempstead
Appliances:
Oven, Refrigerator
MLS #:
3568055
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Keystone Realty USA Corp 631-261-2800