For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 17,592 sqft
Price per Sqft $122
Subdivision Cole Manor Apartments
MLS Listing ID H6235514
Sold Date 12/15/23
Originating Board onekey
Year Built 1986
Annual Tax Amount $40,439
Lot Size 1.170 Acres
Acres 1.17
Property Description
TURN KEY investment opportunity in Orange County, NY in the City of Port Jervis. 8% CAP rate with upside, with many tenants below market rate. Two building apartment complex with 24 identical one bedroom units, approximately 700 square feet each with walk in closet, dining area and galley kitchen. Tenants pay their own heat, hot water and electric, landlord pays for water, trash removal, building and exterior maintenance. Onsite coin operated laundry and superintendent plus ample parking. Well-maintained property with good on time tenants. Two units are vacant for showing purposes and one is being refurbished to rent quickly for $900. Financials and rent roll available. Within easy walking distance to Bon Secours Community Hospital and easy access to major highways. Appointment required and agent must be present. Please do not visit the property without and appointment. HIGHEST and BEST Offers Due by Friday March 17th by Noon.
Location
State NY
County Orange
Rooms
Basement Partially Finished
Interior
Interior Features First Floor Bedroom, Formal Dining, Walk-In Closet(s)
Heating Natural Gas, Baseboard
Cooling None
Fireplace N
Exterior
Garage Parking Lot
Parking Type Parking Lot
Total Parking Spaces 27
Garage No
Building
Lot Description Corner Lot, Level
Sewer Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Anna S Kuhl Elementary School
Middle Schools Port Jervis Middle School
High Schools Port Jervis Senior High School
School District Port Jervis
Others
Senior Community No
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with MK Realty Inc