majestic 2 family income generating property

242 E Beech St, Long Beach, NY 11561

$1,400,000 After Repair Value -
$900,000 Asking Price -
$100,000 Cost of Repairs =
$400,000 Potential Profit

Property Details

Asking Price $900,000

After Repair Value $1,400,000

Costs of Repairs $100,000

Potential Profit $400,000

Living Area 2500 ft2

Property Type Multi-Family

Bedrooms 6

Bathrooms 5

Half Bathrooms 1

Parking 1

Listed with Agent Yes

Property Description

large colonial in exclusive beach community has 6 bedrooms 4 1/2 baths on a large 60 by 100 property needs cosmetics and up grades . has new wood cabinets and granite counter tops . second kitchen formica needs upgrading the house is fully functional and generates income . the rental; upstairs is 3000 with nothing included which covers the taxes on the property . taxes 14800 a year house needs tlc could be magnificient and well worth the resale value on it if interested please call beech west realty for details dorit - to schedule a viewing or any questions ...

Repairs Needed

stucco work, electrical box ,and update kitchen upstairs and bathroom .


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