BEDS6
BATHS4 full
MLS#1025115
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLong Beach
Property 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 Features
Property Type: Multi Unit - Multiple
Basement: Partially Finished
Basement: Yes
Cooling: None
Garage: 2
Heating: Natural Gas, Other
Lot Size: 0.11 Acres
Taxes: $12,981
Year Built: 1988
Amenities
Other
Feature Descriptions
Building Area Total: 2304
Days on Site: 8
Exterior: Vinyl Siding
GarageY/N: Yes
Heating Zones: 2
On Market Date: 2026-07-13
Parcel Number: 1000-59-092-00-0060-0
Parking Features: Driveway, Garage
Rental Term: Monthly
Seller Concession: Yes
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Water: Public
Local Schools
High School: Long Beach High School
Middle School: Long Beach Middle School
Elementary School: Lindell Boulevard School
School District: Long Beach
Listed By / Shown By
Listing By
Agency Name: Fave Realty Inc
Agency Contact: 516-519-8049
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 3,397.60 per month $2,047.52 Principal & Interest $1,081.75 Property Tax $268.33 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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20 E Pine Street | MLS# 1025115
This multi-family property located at 20 E Pine Street, Long Beach, NY 11561 is currently listed for sale with an asking price of $919,999. E Pine Street is located within the Long Beach school district. Search Long Beach real estate on www.coldwellbankerchoice.com today.