495 Linwood Street, Uniondale, New York, United States

Report Listing

Home For Sale

$1,200,000

495 Linwood Street
Uniondale, New York, United States

9bd 5ba

Listed By: Listanza Services Group

Listed On: 06/08/2023

Listing ID: GL5243855 View More Details

Description

EXCELLENT INVESTMENT OPPORTUNITY! Red brick multi family 2 blocks from subway. Approved plans to add a unit in the basement converting to a legal 3-unit. All approvals from DOB in place and hence all criteria/restrictions have been met, can begin construction immediately.The 2 units are currently rented with all payments on time. Total rent potential for 3-units is $85,000 per annum with very low taxes. Cost of construction should be 150K 200K giving a cap rate of 6.2% 6.6%.