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120 N Ocean Avenue

House in Patchogue •  building info
4bd • 3ba • 12,197ft² • $61 per ft²
List Price

$749,000

Listing Agent
Jonathan S. Kaiser  • Fortune Realty of LI Inc
Key Details
Days on market
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Last price change
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Estimated payment
$5,479/mo
Taxes
$1,218/mo
Maintenance
N/A
Description
This Village Charmer offers an incredibly rare opportunity and is ideally situated in the heart of vibrant Downtown Patchogue Village! Homes like this are a rare find anywhere on Long Island, featuring three separate living units, two ground level, with three kitchens, the home offers tremendous versatility for investors, extended living arrangements, or those looking to generate rental income. Enjoy all that Patchogue Village has to offer, with its popular restaurants, shops, entertainment, nightlife, and more just moments away. The existing Certificate of Occupancy for the home strictly reflects a 22' x 28' garage and dates back to 1935. Purchaser to obtain a certificate of existing use (CEU) for the home and certificate of zoning compliance after closing, Village will require owner to show pre-existing non-conforming use to obtain CO for multifamily. Property is being sold strictly As Is. No representations are made regarding any additions, alterations, CO's other than Garage, conversions, improvements, additional detached garages, or studio attached to the garage. Property is located in B Zoning (Residential/Office). Information regarding multifamily use has been verified with the tax assessor dating back to 1963; however, buyers are encouraged to perform their own due diligence and independently verify all information, permitted uses, zoning, and Certificates of Occupancy with the Village of Patchogue. Must be owner occupied.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking

Garage

Building info
History
What it'll cost
Purchase price
$749,000
Asking Price: $749,000
Term
30 Years
Down Payment
$74,000 (10%)
Min: 10% (74,000)
Rate
6.5 %
Mortgage Amount
$674,100
Mortgage Payment
$4,261
Taxes
$1,218
Estimated closing cost
$24,000
Total monthly cost $5,479
Listing Courtesy of Fortune Realty of LI Inc

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