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About This Home
This 8-bedroom, 4-bathroom residential multi family at 22 Virginia Avenue in Hempstead, NY is listed for $1,399,999. Built in 1950, on a 0.09 acres lot.
Calling all savvy investors! This well-maintained, tenant-occupied property is a rare find. Located just minutes from the Southern State Parkway, Mercy Hospital, and local schools, it offers the perfect combination of convenience and steady rental income.
The building features four two-bedroom apartments, all currently leased. Three of the units have been beautifully renovated between 2022 and 2024, ensuring modern, attractive living spaces for tenants. A new roof, installed 3 years ago, adds to the property's appeal, along with upgraded utilities, including four separate gas and electric meters, heating systems, and hot water heaters-all updated within the past five years.
Please note that the property is tenant-occupied, and access is limited to the basement only by appointment. Street parking is available. Whether you're looking to expand your portfolio or secure a property with strong investment potential, this opportunity is not to be missed! Annual Rental Income: $106,200 Property Taxes: $30,388 (Includes Hempstead Village taxes of $12,564) Insurance: $3,600 Water: $900
Key Features
- Built in 1950
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$7,487/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
22 Virginia Avenue
Hempstead, NY 11550
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 22 Virginia Avenue is listed at $1,399,999. The estimated monthly payment is $6,067 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.09 acre lot. Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen.
This property is listed by Lisa M. Reed CBR SRS ABR and can be reached at 5164285031 or lisareed@coachrealtors.com.
