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241 Covert Street

Westbury, NY 11590

$879,999 $3,710/Mo

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Overview

Bed

Bath

Description

Rare Investment Opportunity: Multi-Family with Expansion Potential This isn't just another listing; it’s a once-in-a-lifetime opportunity to secure a high-performing asset with built-in growth potential. Whether you are looking for a turnkey rental machine or a project with a massive upside, this property delivers on every front. Property Highlights Current Configuration: Legal two-family residence. Expansion Potential: Possible approval for a three-family conversion, allowing you to instantly scale your equity and cash flow. Major Renovations (2010): Peace of mind comes standard. The property underwent a comprehensive overhaul in 2010, including: Updated Plumbing: Modernized throughout. Upgraded Electric: Total system overhaul. New Sheetrock: Clean, modern finishes in both units. Mechanic als: Equipped with high-efficiency Separate boilers in both units. Utilities: Separate electric meters for each unit, keeping overhead low and management simple. Financials & Value Add Current Rent Roll: Generating a robust $6,700 per month. Bonus Land: The sale includes an adjacent lot, providing rare outdoor space, potential for additional parking, or future development (subject to local zoning). Why This Property? The heavy lifting has already been done. With the major systems updated and a strong existing rent roll, you can collect a premium income from day one while pursuing the third-unit conversion. Multi-family properties with this level of upkeep and an included extra lot are a rare find in today's market. Investor Note: High demand and a proven income stream make this an ideal candidate for 1031 exchanges or a cornerstone for any real estate portfolio. Don't wait—opportunities with this much "meat on the bone" disappear fast.

Property Details

Property Type : Residential Income

Price : $879,999

AD Id : 77783882

MLS Id : 991058

Beds : 6

Year Built : 1908

County : Nassau

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Basement: Unfinished
Interior Features

Eat-in Kitchen, Entrance Foyer, Storage
Heating & Cooling

Has Heating: Yes Heating: Natural Gas Cooling: None

Building Information

Year Built: 1908 Construction Materials: Frame Private Pool: No

Listing Price Information

Listing Price: $879999

Tax Information

Parcel Number: 2289-11-099-00-0031-0 Tax Lot: 31 Tax Block: 28 Annual Tax: $13217

Parking Information

Parking Total: 6 Driveway

School Information

Elementary School: Park Avenue School - Westbury

Junior High School: Westbury Middle School

Senior High School: Westbury High School
Utility Information

Cable Available, Electricity Connected, Sewer Connected, Water Connected
Location Information

Direction: Old Country Rd north on Grand Blvd right on Covert St. WaterSource: Public

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ByOwner last updated this listing 06/12/2026 @ 19:17

MLS: 991058 LISTED BY: Joseph Ricco Jr, Coldwell Banker American Homes 516-334-4333 SOURCE: OneKey MLS