3093 US Highway 9 - Apartments FOR SALE


Valatie, NY 12184
$3,890,000 USD
845-325-1568
3093 US Highway 9, Valatie, NY for Sale
$3,890,000 USD
Apartments - FOR SALE
1/62
null | Request Cap Rate

3093 US Highway 9
Valatie, NY 12184


OVERVIEW

Welcome to the Blue Spruce Inn & Suites and Spruce Manor Apartments! Long established business with numerous renovations & capital improvements in recent years. Turn-key income generating business with opportunity for increased margins through raising below market rents with the current leases being month-to-month. This property possesses 52 high demand units on over 9 acres of alluring tree lined property. Neighboring an apple orchard it provides a quiet escape while only a short drive from both Albany & Hudson.

FOR SALE DETAILS

PRICE

$3,890,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

52

PRICE/UNIT

$74,808

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Spruce Inn & Suites

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

99

LAND DETAILS

LAND ACRES

4.59 AC

LAND SF

199,829 SF

ZONING

B1-A

APN/PARCEL ID

104489-023-000-0001-037-000-0000

ASK ABOUT THIS PROPERTY

Kyle BradleyCarrow Real Estate ServicesMore Info
845-325-1568

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Kyle BradleyCarrow Real Estate ServicesMore Info
845-325-1568

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