20 E Pine Street,Long Beach, NY 11561
Long Beach, NY 11561
Description
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!
Details
| MLS # | 1025115 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 49 |
| Listing Provided By | Fave Realty Inc | Andrew Panton |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,304 |
| Garage | 2 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.11 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas, Other |
| Interior Features | Other |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway, Garage |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 476 |
| Tax Annual Amount | 12981.13 |
Area Information
| State | NY |
|---|---|
| County | Nassau County |
| City | Long Beach |
| Zip Code | 11561 |
| School District | Long Beach High School |
| Elementary School | Lindell Boulevard School |
| High School | Long Beach High School |
| Listing VS Median (in 11561) | |
Price: $919,999 low | high Med: $552,000 sqft: 2,304 low | high Med: 925 $ / sqft: $399 low | high Med: $597 On site: 49 low | high Med: 180.5 | |
Market Activity 11561
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Learn More About This Property
| State | NY |
|---|---|
| County | Nassau County |
| City | Long Beach |
| Zip Code | 11561 |
| School District | Long Beach High School |
| Elementary School | Lindell Boulevard School |
| High School | Long Beach High School |
| Listing VS Median (in 11561) | |
Price: $919,999 low | high Med: $552,000 sqft: 2,304 low | high Med: 925 $ / sqft: $399 low | high Med: $597 On site: 49 low | high Med: 180.5 | |
