Discover an unparalleled investment opportunity in Rockaway Beach with this two-family townhome, offering the added advantage of converting the basement apartment into a legal third unit. Currently occupied by tenants on a month-to-month basis, this property ensures immediate returns. The first-floor apartment boasts a spacious one-bedroom/one-bathroom layout with ample storage/closet space. The second-floor duplex features 3 bedrooms, 2.5 bathrooms, in-unit laundry and two private outdoor terraces, perfect for a family or to flex as additional home office space for working from home. The basement apartment provides flexibility – it can seamlessly extend the duplex, be rented out separately for additional income, or serve as an owner-occupied space with two income-producing units above. The townhome boats a very large backyard accessible via the basement unit, and a single-car garage with a driveway, providing sought-after parking options necessary during the summer months in Rockaway Beach! Situated only a 5-minute walk from the beach, this townhome offers the perfect blend of investment potential and coastal living. Accessibility to public transportation further enhances the property's appeal, just minutes from the Q35/Q22/Q53 bus lines, A-Train Station, and NYC Ferry. Whether you're a seasoned investor or seeking a flexible living arrangement, this Rockaway Beach townhome is a must-consider opportunity. Schedule a viewing today!