90, 90A, 92, 94 Old Quogue Road, Riverhead, NY 11901
- $1,500,000
- List Price
- $1,500,000
- Days on Market
- 60
- MLS#
- 1000583
- Status
- PENDING
- Property Type
- Mixed Use
- Year Built
- 1925
- Property Tax
- $6,831
- School District
- Riverhead
Property Description
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. Owner will consider offers for one lot, 94 and 92 or 90 and 90A.
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Additional Information
- Acres
- 0.62
- Parking
- Driveway, Unassigned
- Basement
- Unfinished
- Heating
- Hot Water, Oil
- Cooling
- None
- Water
- Public
- Sewer
- Cesspool
Mortgage Calculator
Listing courtesy of Listing Agent: Joseph Cordani CBR (joecordanirealtypro@gmail.com) from Listing Office: H & G Realty New York.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.