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(917) 719-1715
WealthWise Realty
127 Inlet Road W, Hampton Bays, NY 11946
- $2,900,000
- List Price
- $2,900,000
- Status
- ACTIVE
- MLS#
- 1063571
- Year Built
- 1989
- Acres
- 0.80
Property Description
RARE FIVE-UNIT INVESTMENT COMPOUND & LOW TAXES | HAMPTON BAYS, NY. A rare five-unit compound on 0.80-acre property, in Hampton Bays, featuring a two-story main house and four detached cottages, each separately configured and currently leased. Just locks from the Shinnecock Bay shore line. This exceptional offering features a spacious two-story main house with 4 bedrooms and 4 full bathrooms, plus four detached cottages consisting of three 2-bedroom units and one 1-bedroom unit, each with its own full bathroom. The property also offers 8 parking spaces, providing added convenience for residents. Currently fully occupied, all five residences generate a combined $213,600 in gross annual rental income, with reported annual operating expenses of $36,249 and an estimated net operating income of $177,351. Ideally located near Shinnecock Bay, beautiful beaches, shopping, dining, and recreational amenities, this distinctive property combines the charm of Hamptons coastal living with established rental income and long-term investment potential. An outstanding opportunity for investors seeking a diversified rental portfolio in one of Long Island's desirable East End communities. All information, rental income, expenses, and property uses should be independently verified.
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Additional Information
- Taxes
- $5,977
- Lot Size
- 34,848
- Heating
- Natural Gas
- Cooling System Type
- Central Air, Varies by Unit, Wall/Window Unit(s)
- Sewer
- Cesspool
- Water Source
- Public
- Basement
- Crawl Space
- Parking Spaces
- 8
- Elementary School
- Southampton Elementary School
- Middle School
- Southampton Intermediate School
- High School
- Southampton High School
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Listing courtesy of Listing Agent: Celia M. Santos (csantos@laffeyre.com) from Listing Office: LAFFEY REAL ESTATE.
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.