Listed by Win Morrison Realty
$379,000
1620 Columbia Turnpike
Details
APN 178.11-21
Property Type Mixed Use, Land
Sub Type Residential, Restaurant
Square Footage 4,120
Units 4
Cap Rate 6.00%
NOI $23,640
Tenancy Multi
Lease Type Modified
Price per SqFt $82
Year Built 1829
Stories 2
Acreage 1.030
Zoning HC
Parking Spaces 30 spaces
Parking Per SqFt 7.28
Mixed Use | 6.00% CAP | 4,120 SqFt
Marketing description
GREAT INVESTMENT OPPORTUNITY! This mixed use property has 3 apartments above the former Belvedere restaurant. In addition, a 2 bedroom cottage nicely situated --- back of property. Current owner renovated all apartments with separate utility meters; installed hardwood floors; wall to wall carpet. In addition, all new appliances and freshly painted. Great potential for being a bar/restaurant again, with fully equipped kitchen. Bed and Breakfast. Located along a highly traffic area with an approximately 25k +/- automobiles driving back and forth. Road frontage of 208.8 feet. Natural Gas! Private Well and Septic., with availability for public water hook up. Close proximity to shopping centers, restaurants, Albany and the New York State Thruway.
Listing Contacts
Listed by Win Morrison Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,640.00
$1,970.00/mo
Valuation Metrics
0
DSCR
6.24%
Cap Rate
6.24%
ROI
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