Updated about 7 years ago on . Most recent reply
MultiFamily Upstate NY Deal
7 Unit Multi-Family For Sale (12 CAP!!)
Upstate New York: Lake Huntington, NY
Ask: $310,000
Yearly Rent Roll: $58,740
Apt 1: $695
Apt 2: $675
Apt 3: $750
Apt 4: $675
Apt 5: $875
Apt 6: $600
Apt 7: $625
= $4,895/Mo
RE Taxes(includes sewer): $5,194
Gas: $4,661
Electric: $3,866
Trash($214/mo): $2,568
Snow ($75 each): $450/yr
Total Operating Expenses: $19,012
NOI: $39,728
This property is clean and turnkey. Seller needs to free up cash for larger deals. Recent upgrades:
New Roof (~$20k)
New Hot Water Heater (~$5k)
New Windows
Updated units, except 1. In good condition but could use about $900 in upgrades.
Serious inquiries only. If you are interested let's tie up in contract contingent upon your inspection. This property is good to go! Solid property, good condition, you won't be disappointed.