Historical Multifamily Sale Listing - Clinton Apts

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Clinton Apts

41-43 Clinton St, Westfield, NY 14787

N/A

14 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
14
Building Size:
12,000 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
6%
Cap Rate:
30%
Lot Size:
2 SF
Listing ID
18441721
Last Updated
243 days ago

Description

THIS IS A REHAB. PROPERTY THAT CAN BE PURCHASED FOR 69,900 PLUS BACK TAXES OF 24,000--WHICH BRINGS THE TOTAL PRICE TO AROUND 94,000.

6 APARTMENTS NEED MINOR REPAIR AND THE OTHER 8 MORE EXTENSIVE REPAIRS OF AT LEAST 30,000

THE GROSS INCOME PROFORMA WHEN ALL ARE RENTED IS 14 X $500.00 OR 84,000 PER YEAR MINUS 24,000 EXPENSES INCLUDING TAXES, INSURANCE AND WATER.

NET OPERATING INCOME IS 60,000

WESTFIELD IS 5 MILES FROM THE FREDONIA DUNKIRK EXIT OF THE NEW YORK STATE THRUWAY

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Created 11/11/2013