UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 864602
Rental Info No
Year Built 1880
Annual Tax Amount $20,589
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Multi Family
Source onekey2
Property Description
Owned by the same family for over 40 years, this property has been cared for with pride and attention to detail—truly their “baby.” There is no deferred maintenance, ensuring peace of mind and low operational headaches for the next owner. Current income delivers a strong 7+% cap rate, with realistic upside potential to reach 8%+ through modest rent adjustments and enhanced retail lease terms.
Whether you're a seasoned investor or entering the multifamily space, this is a rare, turnkey asset in a desirable and growing Hudson Valley community.
Location
State NY
County Orange County
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Varies by Unit
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Lot Description City Lot, Cleared, Level, Near Public Transit, Near School, Near Shops, Paved
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.