Nestled in the heart of charming Southampton, this exceptional five-cottage court presents a rare investment opportunity. The property boasts a recently renovated home and four two bedroom, virtually all-new cottages, all built within the last five years. Each residence features a new poured concrete foundation with a four-foot crawlspace, ensuring durability and peace of mind. Every cottage is equipped with natural gas forced air heat and central air conditioning, providing optimal climate control and energy efficiency. Additionally, each unit has its own on-demand gas water heater. (Technically speaking: IBC SFC 199 SUPERFLO combo Boilers. IBC AHU 800 air handlers. Continental CT13 air-conditioners).The property also features a spacious, paved parking lot and a convenient laundry building with two stackable gas washers and dryers (Whirlpool- WGT4027HW). This low-maintenance property is perfect for investors seeking hassle-free management operated offsite, and its existing, reliable, long term tenants ensure steady rental income. The tranquil atmosphere and ideal location make it a desirable place to live, with Southampton's vibrant downtown core and stunning main beach just a stone's throw away. If you're seeking a long-term investment property with unparalleled potential, look no further. This cottage court offers a unique combination of modern comforts, prime location, and lucrative returns. Don't miss this exceptional opportunity! Be sure to click on the MULTIMEDIA BUTTON below! (id:47423)
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Detailed Information
Bedrooms
10
Lot
119 x 0 ft
Amenities Nearby
Shopping
Community Features
Quiet Area
Features
Paved driveway
Listing Contract Date
2024-10-02
Location Description
From Downtown Southampton by the Post Office north on Grosvenor street one block to Thompson Lane the left to 119 Thompson Lane.
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Multi-family
Structures
Porch
Transaction Type
For sale
Zoning Description
R1-3
Building
Basement Development
Unfinished
Basement Type
Crawl space (Unfinished)
Construction Material
Wood frame
Cooling Type
Central air conditioning
Exterior Finish
Wood
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Water access
Amenities
Shopping
Sewer
Municipal sewage system
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