20 E Pine StreetLong Beach, NY 11561

Description

Don't miss this exceptional opportunity to own a **legal two-family** home in the heart of Long Beach. This well-maintained, **income-producing property** is being sold **with paying tenants in place**, making it an ideal investment for buyers seeking immediate cash flow. The property currently generates **$5,400 per month in gross rental income ($64,800 annually)**. The first-floor unit is occupied with a lease in place through **October 31, 2026**. The second-floor unit is also occupied on a **month-to-month tenancy**. Each spacious unit features **3 bedrooms, 1.5 bathrooms**, generously sized rooms, and excellent closet and storage space. Additional highlights include a **two-car garage**, a **basement with bonus space** with separate entrance, and a location just **minutes from the beach**, shopping, restaurants, parks, bars, and public transportation. The home is in **excellent condition** with **multiple important updates**, including the **roof, windows, boiler, and hot water heater**, all completed approximately **10–15 years ago**. A **new rear deck** provides additional outdoor living space and enhances the property's appeal. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this legal two-family offers strong rental income, valuable updates, and an unbeatable Long Beach location. Don't miss this excellent investment opportunity!

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1988

Building area

2,304 Sq Ft

Lot size

0.11 acres

Garage spaces

2

Days on market

83

MLS^® Listing#

1025115

Property Features

Interior

Other

Cooling

None

Heating

Natural Gas · Other

Basement

Partially Finished

Parking

Driveway · Garage

Construction

Vinyl Siding

Utilities

Natural Gas Available · Electricity Connected · Natural Gas Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Lindell Boulevard School

Middle

Long Beach Middle School

High

Long Beach High School

Financial Details

Annual taxes

$12,981

Assessed value

$476

Parcel number

1000-59-092-00-0060-0