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26 Elmwood Ave. Philmont NY 26 Elmwood Ave 6 Unit Apartment Building $685,000 ($114,167/Unit) 9% Cap Rate Philmont, NY 12565

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INVESTMENT HIGHLIGHTS

  • Lovely and quiet area of Village.
  • Off street parking

EXECUTIVE SUMMARY

Fully rented 6-unit multifamily building.
New Buderus boiler added in 2024. There is a coin operated laundry machine, and basement.
Building in excellent condition

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $685,000
Price Per Unit $114,167
Sale Type Investment
Cap Rate 9%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.27 AC
Building Size 5,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1950/2023
Parking Ratio 1.6/1,000 SF
Zoning R6 - Medium density residential district

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - -
3+1 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
102801-113-009-0001-016-000-0000
Land Assessment
$23,800
Improvements Assessment
$274,200
Total Assessment
$298,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 31947959

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 26 Elmwood Ave, Philmont, NY 12565

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