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305 Roosevelt Boulevard, Hempstead (Long Beach), NY, 11561 | $1,199,999
Welcome to your dream investment opportunity! This FEMA compliant, legal two-family home, is a rare find in the heart of Long Beach. Built in 2013 and perfectly positioned just steps from the pristine beaches and the bustling boardwalk, this home delivers both luxury living and incredible income potential. The first-floor residence features elegant interiors with hardwood and tile floors throughout. The spacious eat-in kitchen boasts granite countertops and stainless steel appliances. Comfort is ensured with three generously sized bedrooms, two full bathrooms and a cozy gas fireplace. Additional amenities include a private washer and dryer, a fenced-in yard and a storage shed. Parking is a breeze with a private driveway and the unit has its own central air and gas heat as well as its own thermostat. The upstairs duplex offers an expansive living area with soaring cathedral ceilings and a vast open-concept living room and dining room. The eat-in-kitchen includes granite countertops and stainless steel appliances. The main floor has three spacious bedrooms and two full bathrooms, while the second floor features an exceptionally large fourth bedroom. Enjoy the warmth of the gas fireplace in the living area, outdoor living on the private deck off of the master bedroom as well as the large fenced-in side yard & backyard with patio. This unit also includes its own private washer and dryer, a one car garage and a private driveway. Like the lower unit, this too has its own central air conditioning and gas heating, each unit with individual controls. With separate meters for each unit, tenants pay their own utilities, making this an amazing income-producing property. Taxes have never been grieved. Flood insurance is $1, 580 and is transferrable. Current rents, while very attractive, are significantly lower than market value, creating an opportunity for further increase in cash flow. Located on the east side of town, this home is close to the beach, boardwalk, restaurants, and shops. Properties like this don't come on the market often. Whether you're looking for a lucrative investment or a beautiful home by the beach, this property offers the best of both worlds. Act now to secure this moneymaker in a prime Long Beach location!
Features
- Town: Hempstead
- Rooms: 13
- Bedrooms: 7
- Baths: 4 full
- Units: 2
- Style: Two Story
- Year Built: 2013
- Garage: 1-car Attached
- Heating: Natural Gas, Baseboard, Hot Water
- Cooling: Central Air
- Basement: Crawl Space, Unfinished
- Approx Sq. Feet: 3,900
- Acreage: 0.14
- Est. Taxes: $20,000
- Lot Desc: Corner Lot, Near Public Transit, Private
- Middle School: Long Beach Middle School
- High School: Long Beach High School
- School District: Long Beach
- Appliances: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Stove, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater
- MLS#: 3561463
- Days on Market: 65 days
- Website: https://www.raveis.com
/prop/3561463/305rooseveltboulevard_hempstead_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
305 Roosevelt Boulevard, Hempstead (Long Beach), NY, 11561
$1,199,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $959,999 | $959,999 | $959,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
| Monthly Tax Payment | $1,667 | $1,667 | $1,667 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,451 | $5,989 | $8,036 |
| Total Monthly Payment | $7,243 | $7,781 | $9,828 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535