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NewLuxury

$2,900,000

4 days on market

127 Inlet Road

Hampton Bays, NY 11946

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1989

Built

Listing narrative

Description

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 agent (MLS): Celia M. Santos · Listing brokerage (MLS): LAFFEY REAL ESTATE

Property Details

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Price

$2,900,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

0.80 acres

Year

1989

Status

New

Days on Market

4

· 8% down, 7% APR, 30yr fixed
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Courtesy of LAFFEY REAL ESTATE