Description
Investors' delight! 4 brick 3 family homes with a total of 12 units, Package deal designed for savvy investors (8 three bedrooms apartments and 4 two bedrooms apartments) fully rented with steady cash flow. Buildings can also be purchased separately: MLS numbers #6172983, #6173023, #6173027 & #6173031. Enjoy unlimited cash flow when you own these unique stainless properties. Enjoy an unusually low property tax on the entire 4 houses for only $1,200 per annum as 25yrs tax abatement still exists, with 10 more years to go. Also, many of the apartments are currently rented below market value, offering room for increased yearly income. Each property features a 3-bedroom apartment, over 3 bedroom apartment, over 2 bedroom apartment on the walk-in level, with access to the backyard, with separate utilities. Tenants pay all utilities except water. Current total Annual income is $245,280($20,440 Monthly). Annual Expenses: Insurance - $10,700, Water & Sewage - $12,000, Maintenance - $3,000, property tax - $1,200. Net Operating Income: $219,580. CAP RATE - 17.8%(approx.). Let's do this!
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21BEDS
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0.02ACRES
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8BATHS
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01/2 BATHS
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2,565SQFT
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$1,481$/SQFT
School Information
Description
Investors' delight! 4 brick 3 family homes with a total of 12 units, Package deal designed for savvy investors (8 three bedrooms apartments and 4 two bedrooms apartments) fully rented with steady cash flow. Buildings can also be purchased separately: MLS numbers #6172983, #6173023, #6173027 & #6173031. Enjoy unlimited cash flow when you own these unique stainless properties. Enjoy an unusually low property tax on the entire 4 houses for only $1,200 per annum as 25yrs tax abatement still exists, with 10 more years to go. Also, many of the apartments are currently rented below market value, offering room for increased yearly income. Each property features a 3-bedroom apartment, over 3 bedroom apartment, over 2 bedroom apartment on the walk-in level, with access to the backyard, with separate utilities. Tenants pay all utilities except water. Current total Annual income is $245,280($20,440 Monthly). Annual Expenses: Insurance - $10,700, Water & Sewage - $12,000, Maintenance - $3,000, property tax - $1,200. Net Operating Income: $219,580. CAP RATE - 17.8%(approx.). Let's do this!
© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-05-23T00:16:09.587.