8 Beds
3 Baths
3,000 SqFt
8 Beds
3 Baths
3,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $495
Subdivision East New York
MLS Listing ID RLS20104128
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1901
Annual Tax Amount $636
Property Sub-Type Multi Family
Property Description
Discover a rare opportunity to own a beautifully maintained legal two-family brick home that combines comfortable owner occupancy with a well-established furnished rental operation. Thoughtfully renovated and meticulously maintained, this property is ideal for investors, owner-occupants, or buyers seeking to offset their housing expenses with significant rental income.
The home features a spacious owner-occupied garden level, while the upper floors are configured to maximize rental potential with multiple private bedrooms. Since 2018, the current owner has successfully operated the furnished rental business, maintaining approximately 98% occupancy with a strong history of reliable, long-term professional tenants. The property offers a proven track record of strong rental performance, with additional upside potential. Detailed financial information, including actual and projected income, is available upon request.
Significant capital improvements provide peace of mind for the next owner, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and a new central heating and air conditioning system (2025). The property also benefits from a solar tax abatement, helping keep annual property taxes remarkably low.
Additional Highlights Legal two-family brick home Spacious owner-occupied garden level with income potential Established furnished rental operation with approximately 98% occupancy Approximately 3,000 square feet of living space Private backyard with generous outdoor space Updated major building systems Energy-efficient solar panel system with tax abatement Ideal for investors or owner-occupants seeking additional income Whether you're looking for a turnkey investment or a home that generates substantial rental income, 354 Montauk Avenue offers exceptional flexibility, strong cash flow potential, and long-term value.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Electric, Other
Fireplace No
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
Pool Building None
View Y/N No
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 2
New Construction No
Others
Tax ID 04071-0039
Ownership None
Monthly Total Fees $53
Special Listing Condition Standard
Pets Allowed Building Yes, No
