28 On the Grn - Apartments FOR SALE


Verbank, NY 12585
$625,000 USD
845-234-0038
28 On the Grn, Verbank, NY for Sale
$625,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

28 On the Grn
Verbank, NY 12585


HIGHLIGHTS

  • Located in a desirable area walkable to the local park and minutes from the village of Millbrook
  • Stabilized asset in a rapidly appreciating neighborhood
  • Hamlet Zoning allows for a business and/or and office on this high visibility Rt 82 location

OVERVIEW

25 On the Green, Verbank NY 12585 Turnkey 3-Family Income Property in Verbank, 3 miles from the village of Millbrook. This is the perfect opportunity for an investor or an owner-occupant looking to build their real estate envelope. This well-maintained three-family home provides a consistent, steady rental income to help offset mortgage costs and build long-term wealth. Located in a desirable area walkable to the local park and minutes from the village of Millbrook with restaurants and shops. This property is an excellent hedge against rising rent costs and offers strong potential for appreciation. Set on 2.1 acres, it consists of 2 - one bedroom apartments and a studio, all currently rented. There is also a garage with 3 bays. This listing is part of 3 house portfolio, also listed as MLS 925249 & 925241, all congruent to each other. 28 On the Green, Verbank NY 12585 Prime Four-Unit Investment Opportunity, cash Flow Positive 4-Plex with Significant Value-Add Potential. Invest in a fully-occupied, turn-key four-unit building offering immediate income and substantial long-term value. This is a rare opportunity to acquire a stabilized asset in a rapidly appreciating neighborhood with predictable cash flow from day one. There are two- 2 bedroom apartment, one - 1 bedroom and a studio. There is also a large 30X70 barn with power and 4 bays, also rentable. This listing is part of 3 house portfolio, also listed as MLS 925245 & 925241, all congruent to each other. 3406 Rt 82, Verbank NY 12585 Discover the ideal investment opportunity or live-in-and-rent scenario with this well-maintained two-family home. Offering reliable cash flow and a prime location, this property is perfect for savvy investors or those looking to offset their mortgage with rental income. This home consists of one - 2 bedroom apartment and a studio. Previously a three family there is an additional area that used to be residential but the Hamlet Zoning allows for a business and/or and office on this high visibility Rt 82 location. There is a detached 2- car garage, currently being rented as a workshop. This listing is part of 3 house portfolio, also listed as MLS 925249 & 925245, all congruent to each other. All three properties could be sold as a package deal and connect to eachother. Please see the attached info.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

4

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

23

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

H

APN/PARCEL ID

135400-6663-20-931048-0000

ASK ABOUT THIS PROPERTY

Diana WiemerHoulihan LawrenceMore Info
845-234-0038

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Diana WiemerHoulihan LawrenceMore Info
845-234-0038

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