2-6 Old Firehouse Rd - Specialty FOR SALE


Plattekill, NY 12568
$675,000 USD
845-566-1132
2-6 Old Firehouse Rd, Plattekill, NY for Sale
$675,000 USD
Specialty - FOR SALE
1/8
null | 7.6% Cap Rate

2-6 Old Firehouse Rd
Plattekill, NY 12568


HIGHLIGHTS

  • Government-backed USPS property leased for over 30 years by same owner.
  • Minimal maintenance required
  • Minimal management required

OVERVIEW

Government-backed tenant (USPS) who pays $16,800 per year. Cap rate will increase in 2027 when new five-year lease for $20,400 per year begins in late 2027. USPS pays for all utilities, lawn maintenance, and snow removal. Upgrades include new siding and windows in 2014. New flooring in 2022. New electrical panel, roof, and Generac generator in 2025. Property is low management and needs no current upgrades. Residential income forecasted to return an estimated $30,000 per year. 1750 square feet residence is currently owner occupied. Owner may be willing to consider leasing for the first year after purchase. Many upgrades to the residential property and currently move-in ready. New roof and siding in 2013. Corner lot of property includes a sign rented for $900 per year by separate business. Operating expenses are based on mortgage, business policy, and homeowner policy.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Government-backed income property

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

BD40

APN/PARCEL ID

4200-107.008-0001-011.000-0000

ASK ABOUT THIS PROPERTY

Vince JavinettVince JavinettMore Info
845-566-1132

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Vince JavinettVince JavinettMore Info
845-566-1132

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