INVESTMENT OPPORTUNITY ... PROFITABLE 5 UNIT BUILDING
Multifamily | 5 Units | $169,998/unit
Marketing description
FANTASTIC INVESTMENT OPPORTUNITY: This historic LEGAL 5-Unit fully occupied APARTMENT BUILDING is now being offered for sale! (1) updated 2-bedroom, 1 bath unit plus (4) additional 1-bedroom, 1 bath units yielding a yearly income of $75,600 and a NOI of $53,403/year! 6% CAP RATE. Fully leased and all tenants on month-month leases. CAN COMMAND HIGHER RENTS! Landlord currently pays heat / hot water and trash removal. Tenants pay for electric - 5 separate meters and individual thermostats. NEW ROOF plus LARGE SHED! This property sits on over 2-ACRES WITH MOUNTAIN VIEWS!.....Formerly the famous Boxers Lakewood Hotel! Ellenville, NY is considered a good place to live for nature lovers and those seeking a strong community feel! It offers abundant outdoor activities in the Shawangunk Mountains and a diverse, friendly atmosphere with a burgeoning arts scene! Enjoy fishing in the nearby Leurenkill stream! Call Listing Agent for showing/information! (845-705-8093) ....Adjacent 3,508 single family residential/commercial property (1 Old Minisink Road) also available for sale on 1.1 acres, 5-bedrooms, 3 1/2-baths. Call LISTING AGENT AT 845-705-8093 for information…. NO FLOOD INSURANCE REQUIRED
Investment highlights
FANTASTIC INVESTMENT OPPORTUNITY: This historic LEGAL 5-Unit fully occupied APARTMENT BUILDING is now being offered for sale! (1) updated 2-bedroom, 1 bath unit plus (4) additional 1-bedroom, 1 bath units yielding a yearly income of $75,600 and a NOI of $53,403/year! 6% CAP RATE. Fully leased and all tenants on month-month leases. CAN COMMAND HIGHER RENTS! Landlord currently pays heat / hot water and trash removal. Tenants pay for electric - 5 separate meters and individual thermostats. NEW ROOF plus LARGE SHED! This property sits on over 2-ACRES WITH MOUNTAIN VIEWS!.....Formerly the famous Boxers Lakewood Hotel! Ellenville, NY is considered a good place to live for nature lovers and those seeking a strong community feel! It offers abundant outdoor activities in the Shawangunk Mountains and a diverse, friendly atmosphere with a burgeoning arts scene! Enjoy fishing in the nearby Leurenkill stream! Call Listing Agents for showing/information! ....Adjacent 3,508 single family residential/commercial property (1 Old Minisink Road) also available for sale on 1.1 acres, 5-bedrooms, 3 1/2-baths. Call LISTING AGENT AT 845-705-8093 for information…. NO FLOOD INSURANCE REQUIRED
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