Long Beach, New York, is a barrier island community with a vibrant downtown and waterfront location, offering the potential for real estate investors to purchase, renovate, and flip homes at a profit. Long Beach’s real estate market continues to expand, with a year-round population and tourism, giving various attractive investment homes for individuals interested in house flipping near the beach. Long Beach NY real estate experts Tripodi Shemtov Team offers an overview of flipping houses in Long Beach:
Strong rental market
Long Beach’s summer tourism industry generates significant demand for rental properties, with many young professionals also renting. Investors can expect high occupancy and rental rates for updated beach homes, which can generate significant cash flow by listing them as summer or year-round rentals after flipping.
Competitive buyer pool
The beach proximity, easy NYC access, and relatively low prices attract many buyers to Long Beach. Families and second-home buyers compete over the limited housing inventory, often pushing up prices and reducing days on the market. The competitive buyer pool presents high flipper demand, offering quick opportunities to secure top dollar on fixed-up homes.
Top neighborhoods to target
Search the Long Beach neighborhoods for the best flip opportunities: East End, West End, north Canals, and north New York Avenue. Homes on or just a few blocks from the beach always see high buyer interest. The historic East End has beautiful architecture and homes with character. The flat, wide-street grid in other areas provides more affordable options to fix and flip.
Obstacles to avoid
Long Beach’s market is seasonal, with stricter building codes and regulations due to past hurricanes and flooding impacts. Construction costs are higher in the island community, causing longer renovation timelines and tighter profit margins than in other markets.
Great long-term prospects
Increased development activity, the declining number of vacant lots, and permits for new construction issued all show there is still growing demand for housing in Long Beach. However, geographic restrictions on supply increases ensure prices continue rising over the long term. Investors who get in now and fix up solid homes in good locations can expect to see property values and equity substantially increase in years to come.
Homes for sale in Long Beach NY
Long Beach houses have classic architectural design details from the early 20th century. Most homes are single-family with 3-4 bedrooms and two bathrooms, ranging from cozy bungalows to grand oceanfront estates. Popular neighborhoods include Point Lookout, where homes often have water views. Long Beach, known for its relaxed coastal atmosphere and lively boardwalk, is an appealing location to purchase a home near the ocean.
Long Beach real estate
Long Beach’s real estate market has seen a surge in interest, leading to increased home prices and rents over the past few years. However, Long Beach remains more affordable than some lavish beach towns further east on Long Island. Investors and second-home buyers have taken notice, snapping up property in Long Beach for its resort-style amenities like fitness centers and proximity to New York City.