$2,150,000
$1,900,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
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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