This Multifamily Property is Off-Market.

41-43 Clinton St
Westfield, NY 14787 ·

14 Units · Multifamily For Sale

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Clinton Apts

Price N/A Property Use Type Investment
No. Units 14 Commission Split 6%
Building Size 12,000 SF Cap Rate 30%
Property Type Multifamily Lot Size 2 SF
Property Sub-type Mid/High-Rise
Listing ID: 18441721 Date Created: 11/11/2013 Last Updated: 11/11/2013

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

Research

41-43 Clinton St, Westfield, NY 14787 (Chautauqua County)

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