632 & 626 State Highway 11C Hwy - Apartments FOR SALE


Winthrop, NY 13697
$565,000 USD
315-212-6700
632 & 626 State Highway 11C Hwy, Winthrop, NY for Sale
$565,000 USD
Apartments - FOR SALE
1/21
null | 11% Cap Rate

632 & 626 State Highway 11C Hwy
Winthrop, NY 13697


HIGHLIGHTS

  • Private parking for tenants
  • Snow Removal, Trash, and Lawn Care Included
  • Newly Remodeled Units

OVERVIEW

Excellent Investment Opportunity – Fully Occupied 13-Unit Multifamily on Corner Lot Welcome to this outstanding investment opportunity featuring two multifamily buildings with a total of 13 fully rented units, situated on a corner lo. This well-maintained property offers a strong rental history, consistent income, and a projected capitalization rate of approximately 11% at the current listing price—making it a smart, low-risk addition to any investor’s portfolio. Recent updates by the current owners include a new rubber roof and new hot water heater at the 626building, along with renovations to approximately half of the units, enhancing overall tenant satisfaction and reducing maintenance costs. The parking areas have been expanded and upgraded to accommodate tenants and guests with ease. With all units currently rented and improvements already completed, this property presents immediate cash flow and minimal upfront work. Whether you’re a seasoned investor or new to multifamily real estate, this turnkey property is an exceptional opportunity in a growing market. Don't miss this chance to add a high-performing asset to your real estate portfolio. Schedule your private showing today! Additional notes: There are 8 electric meters, 6 of the apartments pay their own electric. All other utilities are covered by the building owner.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

13

PRICE/UNIT

$43,462

CAP RATE

11%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Winthrop Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,753 SF

ZONING

-

APN/PARCEL ID

408000-034-076-0002-028-000-0000,408000-034-076-0002-029-000-0000

ASK ABOUT THIS PROPERTY

Taylor HarperKing Realty NNYMore Info
315-212-6700

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Taylor HarperKing Realty NNYMore Info
315-212-6700

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