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Rear view of property with roof with shingles, a yard, and a chimney

Back of property with a deck, a yard, and stairs

Rear view of property with a lawn, a wooden deck, and stairs

Kitchen featuring stainless steel electric range, baseboard heating, light countertops, dark wood-style flooring, and plenty of natural light

Empty room with dark wood-style floors and a baseboard radiator

Hallway featuring dark wood finished floors and baseboards

Bathroom with tile walls, tub / shower combination, vanity, a baseboard heating unit, and light tile patterned floors

Spare room featuring baseboard heating and dark wood-style floors

Unfurnished bedroom with a baseboard heating unit, baseboard heating, dark wood-type flooring, and a closet

Unfurnished bedroom featuring dark wood-style flooring and a closet

Spare room featuring dark wood-style flooring and a baseboard heating unit

Washroom featuring dark wood-style floors, washer / clothes dryer, and a baseboard radiator

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Description

PRIME LEGAL MULTI-FAMILY INVESTMENT PROPERTY + DEVELOPMENT POTENTIALAn exceptional opportunity to acquire a legal three-unit multi-family property ideally positioned in the vibrant core of Hampton Bays.This two-story residence spans 2,782 square feet across a generous 0.73-acre lot, offering a rare combination of space, stability, and upside.Featuring 5 bedrooms and 3 full bathrooms, the property is thoughtfully configured to support consistent rental income with extremely low operatingexpenses.Each unit is tenant-occupied, providing immediate cash flow and long-term investment security. Tenants pay all utilities!Located minutes from beaches, shopping, dining, and transportation, this property benefits from strong year-round demand and excellent accessibility.Whether you're expanding your portfolio or entering the East End market, this legal asset delivers on location, income, and potential.In addition to its current configuration, the site presents a compelling opportunity for expansion. The positioning of the existing residence on the lot allowsfor the potential development of additional structures, creating the possibility to increase the total number of units and enhance the rent roll. This addedflexibility further elevates the long-term value and appeal of the investment.

Details

Features

Interior

Exterior

Parking

Utilities

Taxes

Market Activity 11946

MLS Number: 930621

Listing Provided By: Kimberly Cammarata – (631) 858-2405 – kimberly.cammarata@elliman.com

Douglas Elliman Comm of LI LLC – (631) 858-2405 – michael.murphy@elliman.com