Home Details for 33 Sterling Place

An exceptional investment opportunity awaits in the Village of Amityville. Offered as a contract vendee, this property features two existing dwellings: a legal two-family residence and a separate commercial structure, both of which are already in place and simply require renovation and an addition to achieve their full potential. The two-family residence consists of a spacious first-floor four-bedroom, one-bath apartment and a second-floor three-bedroom, one-bath apartment. The commercial structure is accompanied by full village approvals and architectural plans for conversion into four additional apartments plus a ground-level retail or office space, supported by ten private parking spaces at the rear. Upon completion, the property will operate as a true six-family rental asset with a bonus commercial unit, generating a projected rent roll of $23,000 per month, or $276,000 annually. This translates into an attractive cap rate and the potential for substantial long-term cash flow. Ideally located near the Long Island Rail Road and all major conveniences, the property blends existing infrastructure with approvals in hand, ensuring a streamlined path to redevelopment. Partial seller financing is available, making this a rare chance to acquire a fully approved, high-yield mixed-use property that will stand out as both a six-family income producer and a one-of-a-kind addition to any portfolio

• Heating Information

  • Natural Gas
  • Other

• Utilities

  • Natural Gas Available
  • Natural Gas Connected

• Waterfront and Water Access

  • Canal Access

• Cooling Information

  • Central Air

• Water Features

  • Public

• House Interior

  • Other

• Basement

  • Partial