Rare opportunity in Malverne: updated two-family home with strong rental income and a below-market assumable mortgage at under 3%. Can be delivered partially occupied or vacant, offering immediate cash flow or owner-occupant flexibility. Both units feature updated kitchens, freshly painted interiors, and refinished hardwood floors. A cozy fireplace adds character, and the home blends classic charm with modern updates. Income & flexibility: Upstairs unit currently rented at $2,400/month. Second unit can rent for approximately $2,800/month, offering a potential total of ~$5,200/month. Property can be delivered partially occupied or vacant. Highlights: 1.5-car garage Full unfinished basement with storage Recently painted exterior Private backyard Quiet mid-block location Located in the Village of Malverne with tree-lined streets, strong community feel, and convenient access to LIRR, shops, restaurants, and parks. Financing Opportunity: Assumable mortgage available at under 3% for qualified buyers (~$350K remaining balance). Buyer must qualify with lender and cover difference between loan balance and purchase price. Property taxes approx. $13,200/year. For Sale By Owner – No Agent Solicitation Please
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