For Sale
$737,800

350 Jerusalem Ave Hempstead, NY 11550

Eight-bedroom multi-family, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property at 350 Jerusalem Ave, Hempstead, NY 11550, presents a compelling investment opportunity. The 4,929 square foot building is a fully occupied two-family home featuring eight bedrooms and three bathrooms distributed across both units. Currently generating a stable monthly income of $5,400, this property offers immediate cash flow. Recent significant renovations enhance its value and appeal. These upgrades include a new roof, siding, and windows, along with completely renovated kitchens and bathrooms. New carpeting throughout and a boiler replacement just two years ago ensure long-term efficiency and reduced maintenance costs. A full finished basement provides ample additional space, while a private driveway and a backyard storage shed add to the property's practicality. Its convenient location near essential amenities and transportation options in Hempstead, New York, further strengthens its investment potential. The asking price is $737,800. This property is an ideal blend of residential comfort and strong financial returns, making it a highly attractive investment prospect.

Highlights

  • Fully occupied two-family home, 4,929 sq ft, eight bedrooms, three baths.
  • Generating $5,400 monthly income.
  • Recently renovated with new roof, siding, windows, kitchens, and bathrooms.
  • New carpeting and a two-year-old boiler.
  • Finished basement, private driveway, and storage shed.
  • Located in Hempstead, NY, near amenities and transportation.

Property Details for 350 Jerusalem Ave

Property type
Mixed-use properties
Square Feet
4,929 SF

Location Insight

City
Hempstead
County
36059
State
New York
Latitude
40.7020309
Longitude
-73.6045142

FAQs

What type of property is this?
Mixed-use property - Eight-bedroom multi-family, high rental income.
Where is the mixed-use property located?
The property is located at 350 Jerusalem Ave Hempstead, NY.
What is the asking price?
The asking price for this property is $737,800.
What are key features of this property?
This property features: Fully occupied two-family home, 4,929 sq ft, eight bedrooms, three baths.; Generating $5,400 monthly income.; Recently renovated with new roof, siding, windows, kitchens, and bathrooms.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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350 Jerusalem Ave
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