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About This Home

This 4-bedroom, 2-bathroom residential multi family at 33 Locust Avenue in Southampton, NY is listed for $1,199,999. Built in 1991, on a 0.46 acres lot.

Agent Description

RARE OPPORTUNITY in North Sea - Hamlet of Southampton Located in an up-and-coming section of Southampton, this 0.51-acre property is designated as a legal two-family, the property currently includes two detached ranch-style homes, each offering 2-3 bedrooms, 1 bathroom, and a basement (in each home).

Both homes are in need of renovation, presenting a true blank canvas for investors, builders, or end users looking to create something special. With ample space, the property can allow for the construction of even a new 2,500+ sq ft home with an in-ground pool, making it an ideal opportunity to maximize value.

Property Highlights: - Legal two-family with R-10 zoning - Two detached homes on one lot - 0.51-acre parcel - FEMA Zone X - Strong income-producing potential or end-user flexibility Located north of Southampton Village and the neighboring hamlets of Water Mill, Bridgehampton, and Sag Harbor. Enjoy close proximity to North Sea Harbor, Conscience Point Marina, and Towd Point Beach, perfect for boating, waterfront activities, and scenic sunsets. Drive-by only. Property being sold as-is.

Key Features

  • Built in 1991
  • 0.46 acre lot

Property Details

2 full
#33 & 29
1991

Amenities

A/C

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

33 Locust Avenue

Southampton, NY 11968

Features & Amenities

Interior Features

First Floor BedroomFirst Floor Full Bath

Property Details

Construction

Frame

Parking

Driveway

Heating

Oil

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 33 Locust Avenue is listed at $1,199,999. The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.

Key features include: Built in 1991, 0.46 acre lot. Interior Features: First Floor Bedroom, First Floor Full Bath.

This property is listed by Matthew B. Arnold and can be reached at 6316615100 or matthewarnold@netterrealestate.com.

MA

Matthew B. Arnold

Agent at Netter Real Estate Inc

(631) 661-5100

Listed by Netter Real Estate Inc · View on Broker Site

MLS# 978940· Source: listhub· Updated 62 days ago

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33 Locust Avenue, Southampton, NY 11968

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