Dennis Fassett
BEDS6
BATHS3 full
MLS#810219
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLongwood
Property Description
Excellent Investment Opportunity. Legal (by CO) three family house with great income. Well maintained and updated with all newer kitchens and baths, newer roof and oil burners. Tenants pay for their own electric and heat, owner pays for taxes, water and insurance (low maintenance expenses). Currently fully Tenanted; Apt. 1 pays $2650/mo. Apt. 2 & 3 each pay $2350/mo. NOI close to $70,000 per year. (pro-forma is attached). House is located in a quiet residential area, on a large .75 acre semi-wooded lot, private off street parking in the rear and close to major highways and LIRR. A rare find in Suffolk county, centrally located (near two major highways) don't miss this opportunity for generating passive income.
Property Features
Property Type: Multi Unit - Multiple
Basement: Bilco Door(s), Partial, Unfinished
Basement: Yes
Cooling: None
Heating: Oil
Home Style: Exp Cape
Lot Size: 0.75 Acres
Taxes: $14,356
Year Built: 1960
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Feature Descriptions
Building Area Total: 2970
Cap Rate: 7
Days on Site: 460
Flooring: Laminate
Heating Units: 3
Heating Zones: 3
House Faces: North
Included In Taxes: Trash
Lot Dimensions: 32,670
Lot Features: Level, Part Wooded
On Market Date: 2025-01-06
Parking Features: Driveway, Off Street, Private
Parking Total: 6
Rental Term: Monthly
Seller Concession: Yes
Separate Electric Meters: 4
Sewer: Cesspool
Units: 3
Utilities: See Remarks
Water: Public
Wooded: Yes
Local Schools
High School: Longwood High School
Middle School: Longwood Junior High School
Elementary School: Ridge Elementary School
School District: Longwood
Estimate Your Payment
Estimated Payment
$ 6,277.13 per month $4,803.72 Principal & Interest $1,196.33 Property Tax $277.08 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Coldwell Banker American Homes
Shown By
Agent Name: Dennis Fassett
Agent Phone: (516) 506-3868
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10 Sally Lane | MLS# 810219
This multi-family property located at 10 Sally Lane, Ridge, NY 11961 is currently listed for sale by Coldwell Banker American Homes, with an asking price of $950,000. Sally Lane is located within the Longwood school district. Search Ridge real estate on dennisfassett.cbamhomes.com today.