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10 Sally Lane, Ridge, NY 11961

$950,000

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7 Total Photos [Click to View All]

MLS#810219

STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLLongwood

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Property Description

Excellent Investment Opportunity. Legal (by CO) three family house with great income. Well maintained and updated with all newer kitchens and baths, newer roof and oil burners. Tenants pay for their own electric and heat, owner pays for taxes, water and insurance (low maintenance expenses). Currently fully Tenanted; Apt. 1 pays $2650/mo. Apt. 2 & 3 each pay $2350/mo. NOI close to $70,000 per year. (pro-forma is attached). House is located in a quiet residential area, on a large .75 acre semi-wooded lot, private off street parking in the rear and close to major highways and LIRR. A rare find in Suffolk county, centrally located (near two major highways) don't miss this opportunity for generating passive income.

10 Sally Lane | MLS# 810219

This multi-family property located at 10 Sally Lane, Ridge, NY 11961 is currently listed for sale with an asking price of $950,000. Sally Lane is located within the Longwood school district. Search Ridge real estate on www.laffey.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Bilco Door(s), Partial, Unfinished

Basement: Yes

Cooling: None

Heating: Oil

Home Style: Exp Cape

Lot Size: 0.75 Acres

Taxes: $14,356

Year Built: 1960

Amenities

First Floor Bedroom

First Floor Full Bath

Eat-in Kitchen

Feature Descriptions

Building Area Total: 2970

Cap Rate: 7

Days on Site: 514

Flooring: Laminate

Heating Units: 3

Heating Zones: 3

House Faces: North

Included In Taxes: Trash

Lot Dimensions: 32,670

Lot Features: Level, Part Wooded

On Market Date: 2025-01-06

Parking Features: Driveway, Off Street, Private

Parking Total: 6

Rental Term: Monthly

Seller Concession: Yes

Separate Electric Meters: 4

Sewer: Cesspool

Units: 3

Utilities: See Remarks

Water: Public

Wooded: Yes

Local Schools

High School: Longwood High School

Middle School: Longwood Junior High School

Elementary School: Ridge Elementary School

School District: Longwood

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55 Northern Blvd
Greenvale, NY 11548

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10 Sally Lane, Ridge, NY 11961

Property Description

10 Sally Lane | MLS# 810219

Property Features

Amenities

Feature Descriptions

Local Schools

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10 Sally Lane, Ridge, NY 11961

10 Sally Lane, Ridge, NY 11961

Property Description

10 Sally Lane | MLS# 810219

Property Features

Amenities

Feature Descriptions

Local Schools

TOUR THIS HOME

Estimate Your Payment

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10 Sally Lane, Ridge, NY 11961

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