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3582-3586 NY-32 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 7.64% Cap Rate Saugerties, NY 12477
INVESTMENT HIGHLIGHTS
- Easy to rent
- Ample parking
- 7 minutes to Rt 87 and shopping
- Several units are still below market rent leaving new owner with upside
- Possibility in adding density
- Saugerties continue to grow adding to a healthy rental market
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 4.50 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 7.64% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Comm1 - Commerial 1 | ||
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 4.50 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | Comm1 - Commerial 1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,850 | 1,000 - 1,100 |
| 3+1 | 1 | $2,000 | 1,200 |
1 1
PROPERTY TAXES
| Parcel Number | 4889-008.004-0001-005.000-0000 | Improvements Assessment | $497,000 |
| Land Assessment | $113,500 | Total Assessment | $610,500 |
PROPERTY TAXES
Parcel Number
4889-008.004-0001-005.000-0000
Land Assessment
$113,500
Improvements Assessment
$497,000
Total Assessment
$610,500
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MATTERPORT 3D EXTERIOR
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HV 3590 LLC
3582-3586 NY-32
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