Calling all savvy investors! This well-maintained, tenant-occupied property is a rare find. Located just minutes from the Southern State Parkway, Mercy Hospital, and local schools, it offers the perfect combination of convenience and steady rental income. The building features four two-bedroom apartments, all currently leased. Three of the units have been beautifully renovated between 2022 and 2024, ensuring modern, attractive living spaces for tenants. A new roof, installed 3 years ago, adds to the property's appeal, along with upgraded utilities, including four separate gas and electric meters, heating systems, and hot water heaters-all updated within the past five years. Please note that the property is tenant-occupied, and access is limited to the basement only by appointment. Street parking is available. Whether you're looking to expand your portfolio or secure a property with strong investment potential, this opportunity is not to be missed!
Annual Rental Income: $106,200
Property Taxes: $30,388 (Includes Hempstead Village taxes of $12,564)
Insurance: $3,600
Water: $900
Property Features
Utilities
Natural Gas Available
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Basement
Full
Unfinished
Cooling Information
None
Heating Information
Natural Gas
Water Features
Public
House Interior
Eat-in Kitchen
Parking
On Street
School Information
School Information for 22 Virginia Avenue, Hempstead, NY 11550
Elementary School
Joseph McNeil School
Middle School
Alverta B Gray Schultz Middle Sch
High School
Hempstead High School
Listing Courtesy: Howard Hanna Coach - 516-352-7333