13 Mountain Ave - Apartments FOR SALE


Highland Falls, NY 10928
$1,400,000 USD
13 Mountain Ave, Highland Falls, NY for Sale
$1,400,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

13 Mountain Ave
Highland Falls, NY 10928


HIGHLIGHTS

  • Located Near United States Military Academy

OVERVIEW

HIGHLAND FALLS...FOR SALE....FIRST TIME ON MARKET IN 50 YEARS!...2 COMMERCIAL BUILDINGS ON ONE PARCEL, 6 UNITS IN TOTAL 9145' SQ. FT...5 well kept residential apartments approximately 6345' sq. ft. plus a large storage area currently used by the landlord and one commercial garage unit approximately 2000' sq. ft. currently used as a contractor's space. 5 residential apartments: four units have 2 bedrooms each and one unit has 1 bedroom. Walkout basement is currently used by the landlord which eventually can add more possible income... Residential tenants pay electric and heat. Commercial garage tenant pays all utilities plus water and sewer. Municipal trash pick up included in the taxes. Rents are under market value with long term tenants... All leases are month to month. Property is on municipal water and sewer with natural gas for fuel. Landlord pays for cold & hot water, sewer, school and property taxes plus insurance. Some parking on the side of the building is available for the tenants. Income producing property with many possibilities...Just few steps from the municipal parking and town center, park, services and amenities...restaurants, bank, retail stores, school and main entrance of West Point.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B-1

APN/PARCEL ID

333601-104-000-0009-003.000-0000

ASK ABOUT THIS PROPERTY

George KoudounasRE/MAX Benchmark Realty GroupMore Info

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George KoudounasRE/MAX Benchmark Realty GroupMore Info

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