19 Vineyard Ave - Multi-Family FOR SALE


Highland, NY 12528
$1,695,000 USD
914-292-0105
19 Vineyard Ave, Highland, NY for Sale
$1,695,000 USD
Multi-Family - FOR SALE
1/15
null | 8.76% Cap Rate

19 Vineyard Ave
Highland, NY 12528


HIGHLIGHTS

  • Tenant Paid Utilities
  • 6 Brand New Apartments Gut Renovated To Studs
  • Located Right Off Route 9W In Proximity To The Mid Hudson Bridge

OVERVIEW

19-27 Vineyard Ave Apartments presents the opportunity to acquire a turnkey, ten-unit multifamily portfolio in the heart of Highland, NY, located just off Route 9W in close proximity to the Mid-Hudson Bridge. The offering combines the stability of fully renovated, income-producing units with the benefit of recently completed, capital-intensive improvements that position a new owner for years of low maintenance ownership and immediate cash flow. The portfolio comprises three buildings across two parcels. The centerpiece at 19-25 Vineyard is a six-unit building that is essentially new construction. Taken down to an empty shell, it was fully gut renovated to the studs with all-new electrical, plumbing, spray foam insulation, and mechanical systems. Each unit showcases modern finishes including granite countertops, stainless steel appliances, and energy-efficient mini-split HVAC. Adjacent at 27 Vineyard sits a pair of buildings totaling four additional units. The first is a fully renovated one-bedroom single-family home complete with a double garage and private deck, offering a desirable standalone living option. The second building features two townhome-style residences alongside a renovated one-bedroom apartment, rounding out a diverse and attractive unit mix. With tenants responsible for their own utilities and the bulk of the building systems brand new, operating expenses remain low and predictable. The diverse unit mix of one- and two-bedroom apartments, townhomes, and a single-family home appeals to a broad tenant base and supports stable, reliable occupancy. Situated in the Mid-Hudson Valley and within easy reach of Poughkeepsie, the Hudson River waterfront, and major commuter routes, 19-27 Vineyard Ave Apartments offers investors a stabilized, professionally renovated asset with the financial profile and physical condition to perform well for years to come.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

10

PRICE/UNIT

$169,500

CAP RATE

8.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vineyard Ave Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

3200-088.069-0003-005.000-0000

ASK ABOUT THIS PROPERTY

Anthony WatkinsThe Oak & Avery Group, LlcMore Info
914-292-0105

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Anthony WatkinsThe Oak & Avery Group, LlcMore Info
914-292-0105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.