79 Yaun Ave - Apartments FOR SALE


Liberty, NY 12754
$4,500,000 USD
646-526-2751
79 Yaun Ave, Liberty, NY for Sale
$4,500,000 USD
Apartments - FOR SALE
1/33
null | 7.67% Cap Rate

79 Yaun Ave
Liberty, NY 12754


HIGHLIGHTS

  • Fully Occupied 36-Unit Community Six-building apartment complex with strong occupancy and immediate cash flow.
  • Proven Rental Upside Path from a 7.67% current cap rate to an 8.92% pro forma cap rate based on rents already achieved within the property.
  • Extensive Recent Capital Improvements Roofs, gutters, parking lot improvements, security system, exterior lighting, and apartment renovations complete
  • Favorable Utility Structure Tenants pay their own electric, heat, hot water, and cooking utilities.
  • No Deferred Maintenance Professionally maintained asset with significant ownership investment and limited near-term capital requirements.

OVERVIEW

79 Yaun Avenue presents the opportunity to acquire a fully occupied 36-unit multifamily community located in Liberty, New York. The property consists of six residential buildings situated on approximately 1.62 acres and benefits from a long history of ownership investment, operational stability, and strong tenant demand. The asset has undergone substantial capital improvements over the past several years, including roof replacements, parking lot improvements, security enhancements, exterior lighting upgrades, apartment renovations, and numerous mechanical system updates. Ownership has systematically improved units as needed, resulting in a well-maintained apartment community with limited deferred maintenance requirements. The property generates approximately $345,227 in current annual net operating income and offers investors a clearly demonstrated path toward approximately $401,384 in annual net operating income through continued rent optimization. Unlike many value-add opportunities, the pro forma assumptions are supported by rents already being achieved within comparable renovated units at the property. 79 Yaun Avenue offers investors a rare combination of strong in-place cash flow, recent capital improvements, favorable utility structure, and measurable upside potential.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

36

PRICE/UNIT

$125,000

CAP RATE

7.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C

APN/PARCEL ID

3601-106-0-0004-001-000

ASK ABOUT THIS PROPERTY

Joseph PolatseckSpring St Group LLc - 51 Forest rd Monroe NY 10950More Info
646-526-2751

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Joseph PolatseckSpring St Group LLc - 51 Forest rd Monroe NY 10950More Info
646-526-2751

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