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Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6192430
Sold Date 03/27/23
Originating Board onekey2
Rental Info No
Year Built 1987
Annual Tax Amount $44,728
Lot Size 2.880 Acres
Acres 2.88
Property Description
Amazing investment opportunity! These 26 units are always fully occupied with a waiting list. Four buildings, handsomely arranged and set back from the road, house eighteen 2 BR units and eight 1 BR units. Grounds are immaculate and there is plenty of paved parking for all tenants. Tenants pay all electric which includes heat and hot water. Landlord pays the usual expenses: taxes, insurance, common electric, water and sewer, plowing and mowing, trash, pest control, and repairs and maintenance. Laundry facilities on site bring in additional income. Property brings in over $286,000 in gross income, this is a very attractive offering. 6.3% cap rate.
Location
State NY
County Sullivan County
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Electric Water Heater
Exterior
Garage Parking Lot
Utilities Available Cable Available, See Remarks
Building
Lot Description Level, Near School, Near Shops, Part Wooded
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Benjamin Cosor Elementary School
Middle Schools Fallsburg Junior-Senior High School
High Schools Fallsburg Junior-Senior High School
School District Fallsburg
Others
Special Listing Condition None
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Bought with Malek Properties
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