Description

A rare opportunity to own a legal three-unit multi-family property in the heart of Hampton Bays, this well-maintained two-story building encompasses 2,782 square feet on a spacious 0.73-acre lot, offering both immediate income and future growth potential. The property includes five bedrooms and three full bathrooms, thoughtfully arranged to support stable rental performance with minimal operating expenses, as tenants are responsible for all utilities. Fully occupied, the asset delivers consistent cash flow and long-term stability in a highly desirable East End location just minutes from beaches, shopping, dining, and transportation. Beyond its existing layout, the generous lot and favorable positioning of the current structure present the potential for additional development, allowing for the possibility of expanding the unit count and increasing rental income. This combination of prime location, reliable revenue, and value-add potential makes it an outstanding investment opportunity.