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.
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Listing Snapshot
Price
$1,500,000
Days On Site
10 Days
Bedrooms
N/A
Inside Area (SqFt)
4,261 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.32 Acres
Year Built
1925
MLS® Number
1000583
Status
Active
Property Tax
$6,831
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 weeks ago
Listing first seen on site
2 weeks ago
Listing updated with changes from the MLS®
General Features
Acres
0.32
Cross Street
Flanders Road
Disclosures
Lead Paint, Other Disclosures
Parking
DrivewayUnassigned
Property Sub Type
Mixed Use
Sewer
Cesspool
SqFt Total
4261
Utilities
Electricity ConnectedWater Connected
Water Source
Public
Interior Features
Basement
Unfinished
Flooring
Combination
Heating
Hot WaterOil
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Exterior Features
Construction Details
FrameOtherStucco
Fencing
FencedBack YardFront Yard
Road Frontage
County Road
Community Features
School District
Riverhead
Schools
School District
Riverhead
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of H & G Realty New York joecordanirealtypro@gmail.com
Based on information submitted to the MLS GRID as of 2026-05-26 10:53 AM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
