Solid 10 unit rental property located in a quite country setting yet very close to the Rhinecliff Bridge, Village of Saugerties and the County's major shopping district. Property consist of two apartment buildings, one houses 5 apartments, the other houses 4 apartments. All units are in very good condition, new roofs were installed on both apartment houses in the last year, many windows have also been replaced in recent years along with renovation of some of the apartments. Property grosses $99,300 a year in income and Nets approximately $65,083 including all expenses, vacancy and repairs/maintenance. Cap rate at asking price is 9.64% as per attached income and expense sheet. Well cared for property has been owned by the same family for many years. Turn key operation with long term tenants... See associated docs for Income & Expenses and county records/tax maps. Single family across the street can also be purchases.
|Days On Site||149|