Concetta Ranzie
REALTOR®
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: Yes
Basement: Partially Finished
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
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
Estimate Your Payment
Estimated Payment
$ 6,002.10 per month $4,652.02 Principal & Interest $1,081.75 Property Tax $268.33 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Fave Realty Inc
Agency Contact: 516-519-8049
Shown By
Agent Name: Concetta Ranzie
Agent Phone: (631) 338-0566 Cell
Agency Title: Coldwell Banker American Homes
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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 concettaranzie.cbamhomes.com today.