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For SaleLuxury

$1,999,999

141 days on market

163/165 Lincoln Avenue

Rockville Centre, NY 11570

· 8% down, 7% APR, 30yr fixed

4

Beds

4

Baths

—

Square feet

1920

Built

Listing narrative

Description

4 Unit Multifamily Investment Opportunity. It consists of 2 semi-attached “legal non conforming use” 2 family homes, built about 1920, and located within the Incorporated Village of Rockville Centre. Each home has 2 updated one bedroom one bath units, totaling 4 units, with each unit having about 750 square feet. The upper units have direct access to a 3rd floor shared unfinished attic space for storage. There is also outside basement access provided to shared laundry facilities. The ground floor units have direct interior stairs to the unfinished common basement for storage and access to the shared laundry facilities. Each of the ground floor units have both a front and back door, butler pantry, as well as a beautiful wood burning fireplace. In addition, the yard has a detached 4 car garage, as well as a generous sized parking lot providing tenant parking for all 4 units, each unit having 2 assigned spaces. The property also has an additional shared outdoor recreation area located behind the garage for barbecuing and to enjoy. Given its close proximity to the town of Rockville Centre and the Long Island Railroad, the units are in high demand with a conservatively priced current rent roll, with room to grow. Interior sq footage is approximate.

Transcript

Welcome to 163/165 Lincoln Avenue. This home offers 4 bedrooms and 4 bathrooms. Now, let's take a closer look at this home. Here is the full property description. 4 Unit Multifamily Investment Opportunity. It consists of 2 semi-attached “legal non conforming use” 2 family homes, built about 1920, and located within the Incorporated Village of Rockville Centre. Each home has 2 updated one bedroom one bath units, totaling 4 units, with each unit having about 750 square feet. The upper units have direct access to a 3rd floor shared unfinished attic space for storage. There is also outside basement access provided to shared laundry facilities. The ground floor units have direct interior stairs to the unfinished common basement for storage and access to the shared laundry facilities. Each of the ground floor units have both a front and back door, butler pantry, as well as a beautiful wood burning fireplace. In addition, the yard has a detached 4 car garage, as well as a generous sized parking lot providing tenant parking for all 4 units, each unit having 2 assigned spaces. The property also has an additional shared outdoor recreation area located behind the garage for barbecuing and to enjoy. Given its close proximity to the town of Rockville Centre and the Long Island Railroad, the units are in high demand with a conservatively priced current rent roll, with room to grow. Interior sq footage is approximate.

Listing agent (MLS): George Haase · Listing brokerage (MLS): Signature Premier Properties

Property Details

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Price

$1,999,999

Beds

4 bd

Type

Multi-Family

Home Size

Sqft n/a

Baths

4

Year

1920

Status

For Sale

Days on Market

141

· 8% down, 7% APR, 30yr fixed
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Courtesy of Signature Premier Properties