![[Hampton Bays Real Estate, listing number 7353603]](https://www.vlshomes.com/images/full/7353603a.jpg)
| Description: 7353603 | |
| 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. | |
Details: |
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| Families: | 5 | |
| Property Type: | House | |
| Acres: | 0.83 | |
| Built: | 1989 | |
| School District: | Southampton | |
Financials: |
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| Price: | $2,900,000 | |
| Taxes: | $5,977 | |
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