About This Home
This 6-bedroom, 4-bathroom multi-family at 20 E Pine Street in Long Beach, NY is listed for $899,999. Built in 1988, on a 0.11 acres lot.
Key Features
- Built in 1988
- 0.11 acre lot
Property Details
Don't miss this exceptional opportunity to own a **legal two-family** home in the heart of Long Beach. This well-maintained, **income-producing property** is being sold **with paying tenants in place**, making it an ideal investment for buyers seeking immediate cash flow.
The property currently generates **$5,400 per month in gross rental income ($64,800 annually)**. The first-floor unit is occupied with a lease in place through **October 31, 2026**. The second-floor unit is also occupied on a **month-to-month tenancy**.
Each spacious unit features **3 bedrooms, 1.5 bathrooms**, generously sized rooms, and excellent closet and storage space. Additional highlights include a **two-car garage**, a **basement with bonus space** with separate entrance, and a location just **minutes from the beach**, shopping, restaurants, parks, bars, and public transportation.
The home is in **excellent condition** with **multiple important updates**, including the **roof, windows, boiler, and hot water heater**, all completed approximately **10-15 years ago**. A **new rear deck** provides additional outdoor living space and enhances the property's appeal.
Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this legal two-family offers strong rental income, valuable updates, and an unbeatable Long Beach location. Don't miss this excellent investment opportunity!
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
20 E Pine Street
Long Beach, NY 11561
Property Details
Construction
Parking
Heating
Questions & Answers
This 6-bedroom, 4-bathroom multi-family at 20 E Pine Street is listed at $899,999. The estimated monthly payment is $4,813 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1988, 0.11 acre lot.
This property is listed by Andrew Panton and can be reached at 5164101877.
