Mulford St Patchogue, NY 11772
- Mixed-use properties
- 5,200 SF
Current Use by Public Records
- Mixed-use properties
Property Details for Mulford St
- Property size
- 5,200 SF
- Property type
- Mixed-use properties
Description
This unique Patchogue, NY property presents a compelling investment opportunity encompassing a 5,200 square foot mixed-use building. Currently generating substantial rental income, the property includes a warehouse with a rental income potential of $2,500 to $3,000 per month and a separate residential home generating $4,000 per month in rental income. This translates to a significant annual return for the investor. The property is situated on a lot with no acreage specified. The asking price is $1,100,000. The warehouse component offers potential for subdivision, subject to obtaining necessary Village approvals and permits. This presents an attractive option for an investor seeking to maximize their return through multiple rental streams or for an owner-occupant looking to combine living and business operations. The existing rental income stream provides immediate cash flow, mitigating risk and offering a strong foundation for future development or continued operation as a multi-unit income-generating property. This is a rare opportunity to acquire a high-yield property in a desirable location. The property's versatility and current income generation make it an exceptional investment prospect. Serious inquiries are encouraged to explore this unique opportunity further.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Patchogue
- County
- Suffolk County
- State
- New York
- Longitude
- -73.013
- Latitude
- 40.7581
