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64 Stewart Avenue

Hempstead, NY 11550
  • $680,000
  • STATUS: Active
  • MLS #: 3568055
UPDATED: 51 min ago
$680,000
  • 4
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1912
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

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.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2024-11-10T09:18:23.007.
www.thisoldhudsonrealestate.com/homes/152941241
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64 Stewart Avenue Hempstead, NY 11550

  • Price: $680,000
  • Status: Active
  • On Site: Days
  • Updated: 51 min ago
  • MLS #: 3568055
4
Beds
2
Baths
0
½ Baths
0.06
Acres
1912
Built
Neighborhood:
Hempstead
County:
Nassau
Area:
Hempstead
Elementary School:
Jackson Annex School
Middle School:
Alverta B Gray Schultz Middle Sch
High School:
Hempstead High School
School District:
Hempstead
Property Description
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.
Exterior Features

Architectural Style Two Story Attached Garage YN No Construction Materials FrameAluminum Siding Cross Street Princeton Levels Two Parking Features PrivateDriveway Property Attached YN No

Interior Features

Appliances OvenRefrigerator Basement Details Unfinished Common Walls No Common Walls Cooling None Cooling YN No Fireplaces Total 0 Heating Natural GasHot Water Hot Water Gas Stand Alone Number Of Kitchens 2 Rooms Total 10

Property Features

Fuel Expense 3000 Inclusions Refrigerator Lease Considered YN No Maintenance Expense 1200 MLSArea Minor 8 New Construction YN No Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Owner Pays Insurance Property Sub Type Multi Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 14453.53 Tax Annual Amount1 14453.53 Tenant Pays See Remarks Water Source Public

Listing courtesy of Barry Clare of Keystone Realty USA Corp: 631-261-2800
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2024-11-10T09:18:23.007.
 
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This Old Hudson Team at Houlihan Lawrence
Hudson NY, 12534