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24682237
24682246

106 Windermere Avenue, Warwick (Town), NY 10925

Better Homes and Gardens Real Estate
Listed by Better Homes and Gardens Real Estate
$715,000
330 days on market
Updated 253 days ago

106 Windermere Avenue

Details
APN 335403-306-000-0001-032.000-0000
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 4,400
Units 5
NOI $27,913
Year Built 1960
Stories 2
Acreage 0.150
Zoning Multi Use
Parking Spaces 12 spaces
Parking Per SqFt 2.73

Mixed Use | 4,400 SqFt

Marketing description

Calling all investors! This turnkey/well-maintained 5 unit (2 commercial, 3 residential) mixed-use building (4,400 SF) sits in the heart of vibrant downtown Greenwood Lake. Walking distance to so many other businesses of all types, as well as the beach/lake, park, Appalachian Trail, commuter bus, and so much more. Commercial unit 1 is on first floor (street front) -- a beauty parlor approx. 900 SF w/ half bath. Commercial unit 2 is adjacent (also street front) -- a medical massage therapist approx. 700 SF w/ two rooms & half bath. Apartment 1 is on first floor -- entrance in rear of building -- approx. 750 SF w/ kitchen, living room, bedroom, full bath. Upstairs (entrance to stairwell on side of building) leads to the other two apartments -- both approx. 550 SF, each w/ kitchen, living room, bedroom, full bath. Off-road parking lot holds approximately a dozen vehicles. There's also a garage (currently for owner use). Fully leased (100% occupancy) -- three of the current leases are month to month, the other two expire next March and May 31, 2027 -- maximum rent roll could be significantly higher, based on recent comps. One furnace for all units, 3 electric meters (one for each commercial unit, one for all 3 apartments). Main roof resealed last year, lower roof 5 years ago (rubber/asphalt). A must see!
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Better Homes and Gardens Real Estate
Listed by Better Homes and Gardens Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$27,913.00
$2,326.08/mo

Valuation Metrics

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DSCR
3.9%
Cap Rate
3.9%
ROI

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