Port Jervis, NY 12771,13-19 Cole ST

$2,150,000

$1,900,000

13.2%
Est.Price: ?

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Est. payment /mo

1.17 Acres Lot


SOLD DATE : 12/15/2023

Key Details

Sold Price $2,150,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Cole Manor Apartments

MLS Listing ID H6235514

Year Built 1986

Annual Tax Amount $40,439

Lot Size 1.166 Acres

Property Sub-Type Multi Family

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 County

Interior

Heating Natural Gas

Cooling None

Exterior

Parking Features Parking Lot

Utilities Available Cable Available, Trash Collection Private

Building

Lot Description Corner Lot, Level, Near School, Near Shops

Sewer Public 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

School District Port Jervis

Others

Special Listing Condition None

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Listed by Corcoran Baer & McIntosh • Amy Coccia Wilhelm
Bought with MK Realty Inc

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Luciane Serifovic

Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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