Listed by LeGrand Real Estate Inc
$9,500,000
Knollwood Commons
Details
APN 134801-6272-10-348506-0000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 68,400
Units 40
Cap Rate 4.65%
NOI $442,212
Occupancy 100%
Price per SqFt $139
Broker Co-Op Yes
Class A
Year Built 2018
Buildings 7
Stories 2
Acreage 5.000
Zoning TND
Ownership corp
Multifamily | 40 Units | $237,500/unit
Marketing description
A modern and well constructed 36 unit complex consisting of 24 town homes 8 -one & two bedroom apartments and 8 commercial rentals .
Top quality construction well maintained and landscaped .Municipal utilities . Red Hook DUTCHESS COUNTY is a lovely community property is in walking distance to shops and eateries . Three miles from Rhinebeck 100% occupies at all times . The town houses are all 3 bedroom 2 baths with full basements all of the apartments have washer dryers .Nice grounds and sidewalk system connects to village system.
Rents are low and there is much upside complex is turn key needs nothing . Northern Dutchess county has a shortage of rentals and there is NO complex tat compares to this .a far as location and quality .Needs nothing turn key . Additional Information: HeatingFuel:Oil Above Ground,
Listing Contacts
Listed by LeGrand Real Estate Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$442,212.00
$36,851.00/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
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