A legal two-family with income already in place! Welcome to 21 E Saint Marks Place, set on a 50-by-100-foot lot in Valley Stream. Whether you’re looking to add to your investment portfolio or explore the possibilities of two-family ownership, this property offers space, parking, and two established rental units.
The first-floor apartment spans approximately 962 square feet and features a spacious living room, two bedrooms, a full bathroom, and a functional kitchen. Upstairs, the approximately 817-square-foot second-floor apartment offers a similar two-bedroom layout, with the added benefit of a walk-in closet off one of the bedrooms. Both units are occupied by long-term tenants on month-to-month leases, each paying $2,400 per month, for a combined current rent of $4,800 per month. (First floor tenant is in the process of relocating, so the first floor, including the basement, will be delivered vacant)
Beyond the apartments, the home features a partial basement with a separate outside entrance, offering additional flexibility and storage. A detached two-car garage includes a loft, and the property provides plenty of off-street parking. There are two electric meters and one gas meter, along with a high-efficiency Navien boiler and hot-water combination unit installed less than two years ago.
Located in the Valley Stream 13 school district, the property is minutes from Valley Stream Central High School and approximately four minutes by car from the Valley Stream LIRR station. With annual taxes under $12,980 and tenants already in place, 21 E Saint Marks Place presents an opportunity to own an income-producing property in bustling Valley Stream Village!