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26747271
26747300

2 Locations

JT
NY 10301216626
Tri State Commercial
Listed by Tri State Commercial
$289,000
278 days on market
Updated 44 days ago
Opportunity zone

The Wealth Builder

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 4,000
Units 4
Cap Rate 9.07%
NOI $26,200
Occupancy 100%
Tenancy Multi
Rent Bumps No
Price per SqFt $72
Class C
Year Renovated 2020,2023
Buildings 2
Parking Spaces spaces
Investment Type Stabilized
Occupancy Date 09/01/2025
Sale Condition For sale by owner

4 unit residential portfolio

Marketing description

Exceptional Investment Opportunity in Hornell, New York

Discover a rare gem in the heart of one of New York's safest cities – a four-unit, two-building portfolio that offers a unique blend of tranquility and economic vitality. Nestled in a serene environment, this property provides residents with a peaceful atmosphere, while being strategically located near major employment hubs.

Key Highlights:

- Thriving Local Economy: Home to the world's largest train manufacturer, offering a steady stream of job opportunities.

- Excellent Healthcare and Education: Two nearby hospitals and a major university ensure top-notch amenities and services.

- High Demand for Rentals: Scarce rental options and strong demand guarantee minimal vacancy periods, maximizing your investment potential.

- Attractive Cap Rate: A rare opportunity to invest in a prime location with a favorable cap rate, promising significant returns.

Don't Miss Out on This Rare Opportunity

With its unique combination of safety, economic growth, and high demand for rentals, this property portfolio is an investor's dream. Seize the chance to acquire three properties in one exceptional deal. Contact us today to schedule a tour and take the first step towards a lucrative investment.

Investment highlights

Investment Highlights:

- 4-unit, 2-building portfolio in one of New York's safest cities

- Thriving local economy with major train manufacturer

- Excellent healthcare and education with 2 hospitals and a major university

- High demand for rentals with minimal vacancy periods

- Attractive gap rate for significant returns

Don't miss out! Contact me directly to schedule a tour. Please call my cell at 917-902-8920 – I don't respond to emails.

Listing Contacts

JT
NY 10301216626
Tri State Commercial
Listed by Tri State Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$26,200.00
$2,183.33/mo

Valuation Metrics

0
DSCR
9.07%
Cap Rate
9.07%
ROI

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Additional Information

Name
Jacob Twena
License
10301216626
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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