157 Beach 119 ST Active Save Request In-Person Tour Request Virtual Tour
Rockaway Park,NY 11694
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY840846
Bedrooms 6
Full Baths 4
Originating Board onekey2
Rental Info No
Year Built 1929
Annual Tax Amount $12,032
Lot Dimensions 30x100
Property Sub-Type Quadruplex
Property Description
TURN-KEY INVESTOR'S DREAM – LEGAL 4-FAMILY BEACH BLOCK HOME! A rare and lucrative opportunity to own a fully renovated, income-generating 4-family property just steps from the beach! This multi-family home is completely turn-key and ready for occupancy, making it an ideal investment with a high 7.1% cap rate. All the work has been done including new mechanicals comprised of 2 HVAC systems, ductless mini splits, blown in insulation, all new electric and plumbing, beautiful new kitchens and renovated bathrooms, hardwood and tile flooring. Apartments are a 3 bedroom, 2 bedroom, 1 bedroom and a studio with tenants paying their own electric and gas heating. Parking for 4 cars. The basement is massive and features new egress windows, offering potential for additional living or rental space under the City of Yes initiative. This property is guaranteed to produce income with 4 leases, three of which are pending and one long term tenant secured. Located steps from the sandy beach, boardwalk, shops, and transportation, ensuring strong rental demand year-round.
Location
State NY
County Queens
Rooms
Basement Full,Walk-Out Access
Interior
Interior Features First Floor Bedroom
Heating Ducts,Electric,Forced Air,Heat Pump,Hot Air,Natural Gas
Cooling Central Air,Ductless
Fireplace No
Exterior
Parking Features Private
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Trash Collection Public,Water Connected
View Water
Total Parking Spaces 4
Garage false
Building
Lot Description City Lot,Near Public Transit,Near School,Near Shops
Sewer Public Sewer
Water Public
Structure Type Blown-In Insulation,Brick
Schools
Elementary Schools Waterside Children'S Studio School
Middle Schools Scholars' Academy
High Schools Scholars' Academy
School District Queens 27
Others
Senior Community No
Special Listing Condition None