$2,700,000
$2,800,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
20 Beds
8.2 Acres Lot
SOLD DATE : 07/11/2025
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 818971
Bedrooms 20
Year Built 1975
Annual Tax Amount $32,806
Lot Size 8.200 Acres
Property Sub-Type Multi Family
Property Description
Great opportunity to own 20 units with easy commuter access to I-84. Property is in excellent condition, many structural improvements done over time. Current owners have managed premises for 30 years. The 2025 cap rate is about 7% at the asking price of $140k per unit. Full rent rolls, income and expenses, and recent independent appraisal available upon request. Each unit has electric heat with own meter, wall AC units, personal basement storage space and common laundry facilities.
Location
State NY
County Putnam County
Interior
Heating Baseboard, Electric
Cooling Multi Units, Wall/Window Unit(s)
Exterior
Parking Features Common, Parking Lot
Utilities Available Cable Connected, Electricity Connected, Trash Collection Private
Building
Story 2
Sewer Shared Septic
Water Well, Shared Well
Structure Type Frame
Schools
Elementary Schools Contact Agent
Middle Schools George Fischer Middle School
High Schools Carmel
School District Carmel
Others
Special Listing Condition None
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Bought with RE/MAX Town & Country
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