29613 NY-12 - Apartments FOR SALE


Clayton, NY 13624
$350,000 USD
315-816-4258
29613 NY-12, Clayton, NY for Sale
$350,000 USD
Apartments - FOR SALE
1/20
null | 14.57% Cap Rate

29613 NY-12
Clayton, NY 13624


HIGHLIGHTS

  • High Cash Flow High Cap Rate
  • 8 Units
  • Single Story

OVERVIEW

8-Unit Apartment Building – Gunns Corners – Fully Leased Eight units, all rented. One-story apartment building at the corner of NYS Route 12 and NYS Route 180 in Clayton, on 1.5 acres with a large open parking lot. Five one-bedrooms, two studios, one three-bedroom. The two most recently turned units were remodeled with new flooring, countertops, and kitchen appliances and both leased this month. Stable long-term tenant base in the rest of the building. Total rent is $6,173/month ($74,076/year) with every unit occupied. 2025 NOI exceeded $51,000, and that was a year with vacancy. 4,867 sq ft, metal roof, vinyl siding, single-story layouts throughout. Nothing to lease up, nothing to fix. In-place income from day one. Private showings by appointment.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

8

PRICE/UNIT

$43,750

CAP RATE

14.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gunns Corners 8 Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

223289-052-000-0001-066-000

ASK ABOUT THIS PROPERTY

Noah TaylorKeller Williams Northern New YorkMore Info
315-816-4258

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Noah TaylorKeller Williams Northern New YorkMore Info
315-816-4258

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