3815 Sea Gate Ave

Amazing fully detached, 10 family with 25 room Victorian mansion located in Seagate offers an excellent opportunity to live in a private oceanfront gated community. This corner property mansion is 40x25 building on a 100x120 lot, R3-1 zoning. The building offers a combination of (3) studios, (3) one and (4) two-bedroom units. This lovely house is in a good, move-in condition with many new features including brand new roofing, beautiful hardwood floors, and an abundance of kitchen cabinets. Great investment opportunity, current annual gross income of approximately $132,000, operating expenses are approximately $47,000, and generating a cap rate of around 5%. This mansion is conveniently located within a couple of blocks to a private beach, grocery convenience store, Keyfood Supermarket, Pharmacy, restaurants, YMCA, and so much more. The community provides private fishing memberships to all residents, children's playgrounds, and 24-hour security patrols. Public transportation is also available: B36, B74 buses. Good School District: IS 281 Joseph B Cavallaro School. Located right between Oceanic Avenue and Nautilus Ave.