127-133 Old Rt 9 4 Unit Apartment Building $1,200,000 ($300,000/Unit) Fishkill, NY 12524

INVESTMENT HIGHLIGHTS

  • One single family home with a detached three unit apartment building
  • Great location on Route 9 with ample frontage
  • Land is zoned for a variety of other commercial uses

EXECUTIVE SUMMARY

Owner-occupied single family home with detached 3-unit apartment building. This property boasts general business zoning, Route 9 frontage, and potential for redevelopment and expansion. The house has been well cared for with mature landscaping, a number of garages and outbuildings, in-ground swimming pool, and a large driveway and parking area. In an area of commercial uses, the general business zoning might allow expansion or redevelopment of the parcel. Totaling 3.54 acres, notable permitted uses include: Self-storage facilities, warehouses and the storage and sale of building materials, plumbing, electrical and similar contractor's establishments, provided any outdoor storage is suitably scree from the street and adjoining properties, passenger transportation terminals, motor vehicle sales and service, animal hospitals, and others. Currently serviced by a drilled well, municipal water may be available. Existing rent helps carry the property and an owner-user with an intended commercial use could slowly work through approvals for expansion while managing the existing tenancy. Total finished space is 4,420 square feet plus a number of garages and storage structures.

PROPERTY FACTS

Price $1,200,000
Price Per Unit $300,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 3.36 AC
Building Size 4,415 SF
No. Stories 2
Year Built 1900
Parking Ratio 1.81/1,000 SF
Zoning GB - General business

AMENITIES

SITE AMENITIES

  • Pool

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 - -
2+1 2 - -
3+2 1 - -

PROPERTY TAXES

  • Listing ID: 25546498

  • Date on Market: 4/25/2022

  • Last Updated:

  • Address: 127-133 Old Rt 9, Fishkill, NY 12524