Mulford St Patchogue, NY 11772
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for Mulford St
- Property type
- Mixed-use properties
Description
This unique Patchogue, NY property presents a compelling investment opportunity. The property is a mixed-use building currently generating substantial rental income. A warehouse component offers a rental income potential of $2,500 to $3,000 per month, while a separate residential unit generates $4,000 per month in rental income. This translates to a significant annual return for the investor. The property's zoning allows for the potential subdivision of the warehouse, subject to obtaining necessary Village approvals and permits. This subdivision possibility further enhances the property's value and potential for increased income streams. The existing income-generating components provide immediate cash flow, minimizing risk for the buyer. Whether the buyer chooses to maintain the current setup or pursue the subdivision option, this property offers a rare chance to capitalize on a high-demand market. The property's location in Patchogue offers convenient access to local amenities and transportation. This is an exceptional opportunity for both seasoned investors and owner-occupants seeking a lucrative and versatile property. The property is being offered at $1,100,000. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Patchogue
- County
- Suffolk
- State
- New York
- Longitude
- -73.013
- Latitude
- 40.7581
