4321 Acme Rd - Apartments FOR SALE


Ilion, NY 13357
$1,250,000 USD
315-735-2222
4321 Acme Rd, Ilion, NY for Sale
$1,250,000 USD
Apartments - FOR SALE
1/40
null | 8.99% Cap Rate

4321 Acme Rd
Ilion, NY 13357


HIGHLIGHTS

  • • 93% occupancy (13 of 14 units rented currently)
  • • Average tenant longevity: 6½ years
  • • Each unit has its own furnace, A/C, electrical meter, and panel box

OVERVIEW

Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. Some of the tenants are paying monthly rental rates below market value. With reliable tenants and only one current vacancy, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6½ years, reflecting tenant satisfaction and property stability. Each unit is individually metered, featuring its own washer and dryer hook up, furnace, central A/C, electrical meter, and panel box. Tenants are responsible for their own gas and electricity usage. A house meter serves the common area, driveway and basement. The basement spans the full length of the building. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (11 of 14) feature front and back porches, offering added tenant appeal. The basement runs the length of the building; the majority of the foundation is a poured wall. There is ample parking available for both renters and visitors, ensuring convenience and ease of access. There is additional land for future expansion to build additional units.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

14

PRICE/UNIT

$89,286

CAP RATE

8.99%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

-

APN/PARCEL ID

212689-119-027-0001-003-000-0000

ASK ABOUT THIS PROPERTY

Lynn BoucherColdwell Banker Faith PropertiesMore Info
315-735-2222

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Lynn BoucherColdwell Banker Faith PropertiesMore Info
315-735-2222

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