241 Covert Street, Westbury, NY 11590
Local realty services provided by:Bon Anno Realty ERA Powered
241 Covert Street,Westbury, NY 11590
$879,999
- 6 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: joseph ricco jr
Office: coldwell banker american homes
MLS#:991058
Source:OneKey MLS
Price summary
- Price:$879,999
About this home
Rare Investment Opportunity: Multi-Family
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.
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.
Mechanicals: 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.
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.
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....
Contact an agent
Home facts
- Year built:1908
- Listing ID #:991058
- Added:156 day(s) ago
- Updated:October 01, 2026 at 12:04 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Dining Description:Eat-In Kitchen
- Kitchen Description:Eat-in Kitchen
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Basement Description:Unfinished
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1908
- Lot area:0.12 Acres
- Construction Materials:Frame
Schools
- High school:Westbury High School
- Middle school:Westbury Middle School
- Elementary school:Park Avenue School - Westbury
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$879,999
- Tax amount:$13,217 (2025)
Features and amenities
- Laundry features:Washer/Dryer Hookup
- Amenities:Entrance Foyer, Storage
Parking
- Total parking spaces:6
- Parking description:Driveway
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