For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,476 sqft
Price per Sqft $149
MLS Listing ID H6131232
Year Built 1986
Annual Tax Amount $6,576
Lot Size 8,276 Sqft
Property Description
Exciting Investment TURN KEY Opportunity NOW Available in the quaint hamlet of Glasco. (4) 1 Bedroom units are nicely sized and in good condition. Low mainenance with an abundance of parking. Fully occupied for immediate cash flow. Units are rented below market value making an opportunity for potential of higher return on investment. Tenants properly maintain their space, pay for their own electric and garbage removal. Nice out door space, come take a look! Cap Rate at asking price (including all expenses and vacancy/repair/maintenance expense) is just at about 8%, At Market Rate Rents an increase to 10% Cap Rate projected A/O
Location
State NY
County Ulster
Interior
Heating Natural Gas, Baseboard, Hot Water
Cooling None
Exterior
Garage Parking Lot
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Call Listing Agent
Middle Schools Saugerties Junior High School
High Schools Saugerties Senior High School
School District Saugerties
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 Non-Member MLS
Get More Information