54 Wiggins Ave, Patchogue, NY 11772
This exceptional two-family home at 54 Wiggins Ave, Patchogue, NY 11772, presents a lucrative investment opportunity. Offered at $599,999, this estate sale property boasts significant income potential. Situated on a 0.22-acre corner lot, the property features two units, a 1.5-car detached garage, and a full finished basement with a separate entrance. Adding to its appeal is a bonus enclosed sunroom, perfect for additional living space or rental income. Recent upgrades include new windows, roof, and siding, minimizing future maintenance costs. Each unit benefits from separate gas and electric meters, simplifying utility management. The property's convenient location near the railroad, shopping centers, and Patchogue Bay, south of Main Street, enhances its desirability for tenants. This non-owner occupied property is ready for immediate income generation. The combination of its attractive features, prime location, and recent renovations makes this a compelling investment prospect. Don't miss this chance to acquire a high-yield multifamily property in a thriving Long Island community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.