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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 Under Contract
| Price | $1,200,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.36 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,415 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Zoning | GB - General business | ||
| 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 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 133089-6156-02-776501-0000 | Improvements Assessment | $551,100 |
| Land Assessment | $169,200 | Total Assessment | $720,300 |
Property Taxes
Parcel Number
133089-6156-02-776501-0000
Land Assessment
$169,200
Improvements Assessment
$551,100
Total Assessment
$720,300
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127-133 Old Rt 9
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