Creekside Apartments is a 22-unit apartment community located in Cairo, New York, offering a unique investment opportunity in the scenic northern Hudson Valley and Great Northern Catskills region. The property consists of eight wood-frame buildings on an expansive 10.51-acre site with scenic creek and pond frontage. The diverse unit mix features one, two, and three-bedroom apartments, providing a stable cash flow with 100% occupancy and an established tenant base.
The property presents approximately 40% rental upside through mark-to-market rent growth, with current average rents significantly below market rates. On-site amenities include laundry facilities and ample surface parking with 40 spots, supporting tenant retention. A large on-site maintenance building provides operational efficiency for property management.