158 6th St 5 Unit Apartment Building $995,000 ($199,000/Unit) 8.84% Cap Rate Verplanck, NY 10596

We are pleased to present the exclusive opportunity to purchase 158 6th Street, Verplanck, NY. 158 6th Street is a five-unit free market multifamily property consisting of one three-unit building and one two-unit building plus an adjacent vacant parcel. Each unit is a 1BR/1BA. Tenants are responsible for electric and reimburses landlord for a portion of landlord-paid utilities. Landlord is responsible for heat, water, and hot water. Both buildings are of brick construction, with three of the five units having direct access from the outside. A private driveway can easily accommodate multiple cars. The property also benefits from the outdoor amenity space provided by the vacant parcel (160 6th) that accompanies this sale. Each building is serviced by its own separate boiler/oil tank (one 550-gallon UST and one 330-gallon AST) and independent septic systems. New energy efficient windows were installed in the rear building 2nd floor in 2025. A high efficiency boiler was installed in the back building in 2022. There is upside potential in the rent roll through base rental rate increases of below-market rents upon lease expiration, additional expense reimbursements, and charging for off-street driveway parking. The property is conveniently located in the heart of Verplanck, walkable to neighborhood eating establishments and the Hudson River waterfront, and just a short, 5-minute drive to Route 9, shopping, and public transportation. Verplanck and the Buchanan area is about to undergo a transformation with the anticipated redevelopment of parcels associated with Indian Point. Get in now, before it's too late!