6 Beds
2 Baths
6,560 Sqft Lot
6 Beds
2 Baths
6,560 Sqft Lot
Open House
Thu Oct 15, 5:30pm - 7:00pm
Sat Oct 17, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 1060673
Bedrooms 6
Full Baths 2
Rental Info No
Year Built 1983
Annual Tax Amount $23,961
Lot Size 6,560 Sqft
Acres 0.1506
Property Sub-Type Duplex
Source onekey2
Property Description
Numerous updates and features add to the property's appeal, including all-new windows installed by Power Home Remodeling in 2019, backed by a transferable lifetime warranty (subject to warranty terms), and two newer hot water heaters, approximately 5 years and 1 year old. The property features natural gas, separate gas heating systems for the first and second floors, and electric heat in the basement. Utilities include three electric meters, two gas meters, and one water meter, offering added convenience for a multi-family property. A detached two-car garage and ample additional parking further enhance the property's functionality.
An especially noteworthy feature is the property's potential tax savings opportunity. The home has Certificates of Occupancy confirming its legal two-family status but is currently assessed and taxed as a three-family property. The taxes have not previously been grieved, presenting a potential opportunity for a reduction through the tax grievance process. Buyers are encouraged to conduct their own due diligence regarding the property's assessment, classification, and potential tax savings.
Location is another major highlight! Situated within the highly regarded school district serving Merrick Avenue Middle School and Calhoun High School, this property is conveniently located within walking distance of the LIRR train station and the vibrant Merrick Avenue corridor. Enjoy easy access to an abundance of restaurants, bars, cafes, shopping, and everyday conveniences, along with nearby major parkways and transportation options.
Whether you're an investor seeking an income-producing property with an established rent roll, an owner-occupant looking to offset expenses with rental income, or a buyer exploring multi-generational living, 1986 Oakwood Avenue offers a compelling combination of space, income potential, location, and long-term value. Don't miss this opportunity to own a legal two-family property in the heart of Merrick!
Property is selling occupied with paying tenants.
Location
State NY
County Nassau County
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Detached, Driveway, Off Street
Garage Spaces 2.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage true
Building
Sewer Public Sewer
Water Private
Structure Type Frame
Schools
Elementary Schools Chatterton School
Middle Schools Merrick Avenue Middle School
High Schools Bellmore-Merrick
School District Bellmore-Merrick
Others
Senior Community No
Special Listing Condition None
Nearby Locations
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