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90 Old Quogue Rd 10 Unit Apartment Building $1,400,000 ($140,000/Unit) 7.76% Cap Rate Riverhead, NY 11901

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INVESTMENT HIGHLIGHTS

  • 2 Multi Use Adjacent Lots, 2 Houses On One, A House And Auto Repair On The Second Lot.

EXECUTIVE SUMMARY

Unique Investor Opportunity, Two Multi Use Adjacent Lots, Two Houses On One Lot, #94 & #92. One House And An Auto Repair Garage On The Other, #90 & 90A. Square Footage Of Both Lots Total 27,007. Tenants In Place. Currant Rent Roll For 2024 $121,600.00 Which Is Below Market Value. Total Taxes For Both $6362.00 This Is A Real Money Maker. See Attachments For Additional Information. PLEASE DRIVE BY FIRST AND DO NOT DISTURB THE TENANTS. Proof Of Funds Or Financing Must Be Sent Prior To Any Showings. This Is Strictly An "AS IS" Transaction. All Information Deemed Accurate, But Must Be Verified By Agent/Buyer. 2% Peconic Tax Applies. No Home Will Be Delivered Vacant. New Roof on #90 2 Year Roof On 92 & 94.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,400,000
Price Per Unit $140,000
Sale Type Investment
Cap Rate 7.76%
Sale Condition 1031 Exchange
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Single-Family Home
Building Class C
Lot Size 0.32 AC
Building Size 6,520 SF
No. Stories 2
Year Built 1951
Zoning Multi Use - Multi Residence, Residence And Commercial.

AMENITIES

UNIT AMENITIES

  • Storage Space
  • Kitchen
  • Yard
  • Basement

SITE AMENITIES

  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+3 10 $2,750 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0900-139-00-03-00-035-000
Land Assessment
$43,400 (2024)
Improvements Assessment
$142,100 (2024)
Total Assessment
$185,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 30783442

  • Date on Market: 1/25/2024

  • Last Updated:

  • Address: 90 Old Quogue Rd, Riverhead, NY 11901

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