Multifamily Southampton

Southampton / North Sea — waterfront compound with four separate legal structures on bulkheaded creek frontage, direct access to North Sea Harbor and Peconic Bay. Pre-existing legal multi-structure — not replicable under current zoning. New IA septic, public water, waterfront cottage just renovated. Established rent roll, income producing. Rental history and survey on signed NDA. Normal sale Income and expenses are described below. The property is possible to be delivered vacant and can relocate all tenants if needed. 1. First cottage: 2 bedroom, 1 bath, full basement $3,500 Monthly 2. Second structure: unheated studio 3. Third cottage: Studio $3,000 Monthly 4. 4th cottage near creek: 1 bedroom 1 loft $3,500 Monthly All separate utilities Taxes per year 3,900 Insurance 10k per year