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VERY RARE INVESTMENT OPPORTUNITY IN THE CENTER OF SAG VILLAGE.

$1,675,000
Web # 11503 Sold
  • Sag Harbor
  • 12 Bedrooms
  • 9.0 Bathrooms
  • 7000 Square Feet
  • 0.51 Acres
Reduced to sell now!!! Market-informed pricing makes this an incredible investment that will not be long on the market. Spectacular, unique multi-dwelling rental complex and free-standing house on 1/2 acre in the very heart of Sag Harbor Village awaits the savvy investor seeking immediate rental income. THREE structures, all in pristine condition, include a charming 3BR/4 bath home; separate apartment complex with FIVE units; and spacious detached garage/studio with radiant heat in the floors. This is a once in a lifetime opportunity to own a turn-key home AND an income-producing property that is financially viable. Extraordinary existing rent roll. There is potential for greatly increased rental income with improvements -- although NONE are necessary. The main house,+/- 2400 sq. ft., is a quintessential 3BR/4bath Sag Harbor Village shingled traditional, with wood burning fireplace and eat-in country kitchen. The spacious and bright 5-apartment complex has FOUR 2BR/1 bath apartments, and one 1BR apartment-- all in excellent condition at this highly desirable location. Separate, private outdoor living space and TWO parking spots on site are included for EACH unit. Rental income is proven and currently existing. Yet another unbelievable feature of this rare offering is a large detached garage, currently being used as an artist studio and shop. The well-planned property on a full half acre allows ample space and privacy for all residents. By appointment only. Not to be missed.

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