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An exceptional investment opportunity awaits in the Village of Amityville. Offered as a contract vendee, this property features two existing dwellings: a legal two-family residence and a separate commercial structure, both of which are already in place and simply require renovation and an addition to achieve their full potential. The two-family residence consists of a spacious first-floor four-bedroom, one-bath apartment and a second-floor three-bedroom, one-bath apartment. The commercial structure is accompanied by full village approvals and architectural plans for conversion into four additional apartments plus a ground-level retail or office space, supported by ten private parking spaces at the rear. Upon completion, the property will operate as a true six-family rental asset with a bonus commercial unit, generating a projected rent roll of $23,000 per month, or $276,000 annually. This translates into an attractive cap rate and the potential for substantial long-term cash flow. Ideally located near the Long Island Rail Road and all major conveniences, the property blends existing infrastructure with approvals in hand, ensuring a streamlined path to redevelopment. Partial seller financing is available, making this a rare chance to acquire a fully approved, high-yield mixed-use property that will stand out as both a six-family income producer and a one-of-a-kind addition to any portfolio
| DAYS ON MARKET | 2 | LAST UPDATED | 9/17/2025 |
|---|---|---|---|
| YEAR BUILT | 1920 | COUNTY | Suffolk |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Park Avenue School - Suffolk |
|---|---|
| Jr. High School | Edmund W Miles Middle School |
| High School | Amityville Memorial High School |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| BASEMENT | Partial |
| CONSTRUCTION | Frame, Stone, Stucco |
| HEAT | Natural Gas, Other |
| INTERIOR | Other |
| LOT | 10799 sq ft |
| SEWER | Public Sewer |
| STYLE | Colonial |
| TAXES | 13586 |
| UTILITIES | Natural Gas Available, Natural Gas Connected |
| WATER | Public |
| WATERFRONT DESCRIPTION | Canal Access |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with The Agency Northshore NY
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Date Last Updated: 9/17/25 4:45 PM PDT
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