29613 NY-12 - Multi-Family FOR SALE


Clayton, NY 13624
$410,000 USD
315-816-4258
29613 NY-12, Clayton, NY for Sale
$410,000 USD
Multi-Family - FOR SALE
1/20
null | 12.44% Cap Rate

29613 NY-12
Clayton, NY 13624


HIGHLIGHTS

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

OVERVIEW

Fantastic investment opportunity at highly visible Gunns Corners! This 8-unit apartment building sits prominently at the intersection of NYS Route 12 and NYS Route 180, offering excellent visibility, strong rental appeal, and easy accessibility. Set on a generous 1.50-acre lot, the property features 4,867 square feet of living space with convenient one-story layouts throughout. The unit mix includes five 1-bedroom apartments, two studio units, and one spacious 3-bedroom apartment—providing a well-balanced and versatile rental portfolio. The remodeled 1-bedroom unit is currently vacant and ready for immediate occupancy, with projected rental income of $800–$900/month. This unit has been thoughtfully updated with new flooring, modern countertops, and brand-new kitchen appliances, making it highly attractive to prospective tenants. The property currently generates $5,370/month in rental income from existing tenants, delivering solid in-place cash flow with clear upside potential upon leasing the vacant unit. The actual Net Operating Income (NOI) for 2025 exceeded $51,000, highlighting the property’s strong financial performance. A stable, long-term tenant base enhances reliability, while the large open parking area provides ample off-street parking for residents and guests. With strong financials and value-add potential, this property is an excellent addition to any investment portfolio. Whether you're expanding your holdings or entering the multi-family market, this asset offers both performance and growth opportunity. Schedule your private showing today!

FOR SALE DETAILS

PRICE

$410,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

8

PRICE/UNIT

$51,250

CAP RATE

12.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gunns Corners 8 Unit

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

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.