Unique investment opportunity in Suffolk County featuring two adjacent lots with a total of three residential rental homes and an established auto repair shop. One parcel includes two homes: a two-story, four bedroom residence and a three bedroom ranch. The second parcel offers a two-story, two bedroom home along with the auto repair facility.
All units are currently tenant occupied, with tenants responsible for their own electric and heat, providing ease of management and predictable expenses. The property generates a combined annual rent roll of $127,000.00 with low taxes contributing to an estimated NOI of $108,206.00. This results in an attractive 7.21% cap rate making it a strong income-producing asset with multiple revenue streams.
See attached for additional information and pro-forma. PLEASE DRIVE BY FIRST AND DO NOT DISTURB THE TENANTS! The owner requests proof of funds or financing be sent prior to any interior showings. All information deemed accurate and reliable, but must be verified by the Agent/Buyer. The 2% Peconic Tax applies.