Listed by Better Homes and Gardens Real Estate
$1,399,000
106 Newport Bridge Road
Details
APN 335489-025-000-0001-004.000-0000
Property Type Special Purpose
Sub Type Other
Units 5
Cap Rate 3.89%
NOI $54,473
Occupancy 80%
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $91,223
Price per SqFt $209
Year Built 1920
Buildings 2
Acreage 0.217
Zoning 00415
Parking Spaces 8 spaces
Investment Type Value Add
Special Purpose | 3.89% CAP
Marketing description
This opportunity does not come by often in Warwick. Charming 5-unit investment property in peaceful Amity hamlet, Warwick Town. Features a beautifully renovated 1920 Cape Cod-style converted multi-family residence (4 units: 2 one-bedroom, 2 two-bedroom) plus a separate detached 2-bedroom/2-bath single-family home built in 2010. Individual utilities throughout (propane/electric per unit, well water, two septic systems). Total building area ~6,691 sq ft on 0.217 acres. Low flood risk (Zone X), Warwick Valley schools, close to farms, wineries, skiing, and other local amenities. Ideal for investors or owner-occupant with income potential.
Investment highlights
Rare 5-unit portfolio in Warwick, NY (4-unit multi-family + separate 2BD/2BA single-family home)
• Projected Stabilized Cap Rate: 6.52%
• Stabilized NOI: $91,223
• Current Cap Rate: 3.89%
• Current Gross Rents: $80,400 / Projected Gross Rents: $117,600
• Single-family home delivered vacant at closing (currently occupied rent-free)
• Two multi-family units turning over in spring — immediate rent growth opportunity
• Individual utilities (propane & electric per unit) — low owner expense
• Total building area ~6,691 sq ft on 0.217 acres
• Full rent roll, current & projected P&L, and 2005 survey available upon request
Listing Contacts
Listed by Better Homes and Gardens Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,473.00
$4,539.42/mo
Valuation Metrics
0
DSCR
3.89%
Cap Rate
3.89%
ROI
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