$ 1,100,000
-
$1,100,000
Price -
0.09
Acre
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About the Listing SRRO01 - 169748
Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied. The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach. Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection. Projected Gross Rent Roll: Unit 1 (Occupied): $3,600/month Unit 2 (Vacant): Approx. $2,700/month Unit 3 (Vacant): Approx. $2,700/month Unit 4 (Vacant): Approx. $2,700/month Potential Gross Income: Approximately $11,700/month ($140,400/year).
Listing Highlights for 329 Beach 29th St
Interior Details
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Basement: Full
- Other: First Floor Bedroom
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: 240 car
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $11,679
- Taxes w/Assessments: N/A
- Tax/Property ID: 15797-0012
- Tax Year: N/A
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Monthly Payment
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Listing Location
Questions About..
329 Beach 29th St Far Rockaway, NY 11691
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