$ 2,900,000
-
$2,900,000
Price -
0.8
Acre
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About the Listing LRE01 - 182715
RARE FIVE-UNIT INVESTMENT COMPOUND & LOW TAXES | HAMPTON BAYS, NY. A rare five-unit compound on 0.80-acre property, in Hampton Bays, featuring a two-story main house and four detached cottages, each separately configured and currently leased. Just locks from the Shinnecock Bay shore line. This exceptional offering features a spacious two-story main house with 4 bedrooms and 4 full bathrooms, plus four detached cottages consisting of three 2-bedroom units and one 1-bedroom unit, each with its own full bathroom. The property also offers 8 parking spaces, providing added convenience for residents. Currently fully occupied, all five residences generate a combined $213,600 in gross annual rental income, with reported annual operating expenses of $36,249 and an estimated net operating income of $177,351. Ideally located near Shinnecock Bay, beautiful beaches, shopping, dining, and recreational amenities, this distinctive property combines the charm of Hamptons coastal living with established rental income and long-term investment potential. An outstanding opportunity for investors seeking a diversified rental portfolio in one of Long Island's desirable East End communities. All information, rental income, expenses, and property uses should be independently verified.
Listing Highlights for 127 Inlet Rd W
Interior Details
- Appliances:
- Air Cond: Central Air,Varies by Unit,Wall/Window Unit(s)
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Basement: Crawl Space
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof:
- Others: Actual,Renovated
- Sewer: Cesspool
- Parking Features: Driveway,Private
Financial Details
- Tax Amount: $5,977
- Taxes w/Assessments: N/A
- Tax/Property ID: 0900-191-00-04-00-027-001
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
127 Inlet Rd W Hampton Bays, NY 11946
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