Searching for a new residence or a wise investment? You could need this roomy duplex in Far Rockaway, New York! This semi-attached two-family home, which has four bedrooms and two bathrooms, is ideal for renting out or housing many generations. Now is the time to move fast, as the auction will begin on January 20. What you need to know about this wonderful property is provided here.
Property Overview
This duplex, which was constructed in 2005 and has a contemporary style and plenty of living space, is situated at 2215 Nameoke Ave, Far Rockaway, NY 11691.
Key Details:
| Category | Details |
|---|
| Property Type | Semi-attached, two-family duplex |
| Address | 2215 Nameoke Ave, Far Rockaway, NY 11691 |
| Built Year | 2005 |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Living Space | 2,368 sq ft |
| Lot Size | 0.05 acres |
| Current Price | $550,000 |
| Auction Start Date | January 20, 2025 |
| Condition | Sold “As Is” |
| Occupancy | Occupied – Buyer responsible for addressing legal occupancy issues |
| Flood Zone | Located in a flood-prone area – Flood insurance and inspection required |
| Proof of Funds | Required within 24 hours of winning the auction |
| Utility Responsibility | Buyer assumes responsibility for tenant utility payments and reimbursement collection |
| Ideal For | Real estate investors, families seeking rental income, or multigenerational households |
Beginning on January 20, a bank-owned auction will be held to sell this property. It’s sold as-is, though, so before making a bid, purchasers should carefully read the disclosures and have a look at the property.
Key Features
Here’s why this property stands out:
1 Design of Duplexes and Multifamily
For hosting multigenerational families or generating rental revenue, the two-family structure is perfect.
2 Contemporary Construction
This duplex, which was constructed in 2005, has a modern, roomy layout that is difficult to find at this price.
3 Property in Occupation
Due to the property’s current occupation, buyers must deal with it, which may entail negotiating leases or taking legal action.
4 Situated within a flood zone.
Buyers should consider flood insurance and conduct a comprehensive inspection to prevent surprises since the property is located in a flood-prone location.
Important Disclosures
Before bidding, here are the key details you should know:
- As-Is Condition
The property is being offered for sale in its current condition, which may involve dangers or flaws. Performing a comprehensive examination is highly advised. - Proof of Funds or Financing Pre-qualification
Within 24 hours following the auction, winning bidders must present proof of money or pre-qualification for financing. A bank letter or financial statement attesting to the buyer’s ability to pay the full sum must be submitted by cash buyers. - Occupancy Responsibility
The buyer will be in charge of controlling occupancy if the property is occupied, whether that is done through lease negotiations or eviction. It is essential to comprehend the legal occupancy status. - Utility Responsibilities
Current tenant utility payments will be the buyer’s obligation, and all related costs must be reimbursed.
Why Invest in Far Rockaway?
Far Rockaway is a flourishing community with great prospects for investors and homeowners:
- Easy Access: Close to public transportation, shopping centers, and schools.
- Recreational Opportunities: Because parks and beaches are conveniently located, it’s perfect for people who love being outside.
- Potential for Rental Income: The duplex arrangement is expected to generate steady rental income for investors.
- Appeal to the Community: A bustling community that blends urban and suburban lifestyles.
Auction Details
Are you prepared to bid? This is what you must do:
- The auction begins on January 20.
- Required Documentation: Prior to the auction starting, buyers must register and provide proof of finances or financing pre-qualification.
Move quickly! This property is anticipated to draw a lot of interest due to its desirable location and appealing $550,000 pricing.
Why This Property is a Great Opportunity
Apart from being a dwelling, this Far Rockaway duplex with four bedrooms and two baths is an excellent investment. If you’re looking for a place to live, a house that will bring income, or both, this contemporary duplex is a fantastic choice.
This property’s convenient location near parks, public transportation, and schools provide many lifestyle benefits. By doing due research, you can make this property a long-term asset even if the occupancy status and as-is condition demand attention.
Don’t wait since this kind of possibility is not very often. The auction starts on January 20; hence, make ready your documentation, tour the property, and be ready to bid!
You Must Visit :- Schott Auction Gallery