Description
20-22 Bay Shore Avenue,
Bay Shore,
NY
11706
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. Dont miss out on this opportunity to expand your portfolio. For more information or to schedule a showing, contact us today!
This is an Active listing.
Broker Office Phone Number: 631-665-1500
Copyright © 2025OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Wall or Window Air Conditioner(s)
Listing By: Eric G Ramsay Jr Assoc LLC via Data Source: OneKey MLS
Price History
date | price | variance | type |
---|
1/12/2025 | $1,390,000 | - | Listed |
listing agent: Eric Gordon Ramsay IV