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90, 90A, 92, 94 Old Quogue Road, Riverhead, NY 11901

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PENDING MLS #1000583

90, 90A, 92, 94 Old Quogue Road

Riverhead, NY 11901

$1,500,000Asking price

Bedrooms: Not provided
Bathrooms: Not provided
Living Area: Not provided
Lot Size: 27,007 sq ft

A CLOSER LOOK

Room for your next chapter.

About this property

Unique investment opportunity in Suffolk County featuring two adjacent lots with a total of three residential rental homes and an established auto repair shop. One parcel includes two homes: a two-story, four bedroom residence and a three bedroom ranch. The second parcel offers a two-story, two bedroom home along with the auto repair facility.

All units are currently tenant occupied, with tenants responsible for their own electric and heat, providing ease of management and predictable expenses. The property generates a combined annual rent roll of $127,000.00 with low taxes contributing to an estimated NOI of $108,206.00. This results in an attractive 7.21% cap rate making it a strong income-producing asset with multiple revenue streams. Owner will consider offers for one lot, 94 and 92 or 90 and 90A.

THE DETAILS THAT MATTER

Inside & out.

List Price: $1,500,000
MLS#: 1000583
Status: PENDING
Lot Size: 27,007

Year Built: 1925
Style: Mixed Use
School District: Riverhead
Total Taxes: 6831
Heating: Hot Water, Oil
Parking: Driveway, Unassigned
Water: Public
Sewer: Cesspool
Taxes: $6,831

GET TO KNOW THE ADDRESS

At home in Riverhead.