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375 Blumel Rd 2 Properties Offered at $1,590,000 in Multiple Locations
Investment Highlights
- Barn apartment to be built, additional rental income of $2,000 minimum
Executive Summary
Four family newly renovated apartment building AND five bay garage for storage rental. Fifth apartment approved for barn with plans complete and ready to go .
Both short and long term rentability approved by town. Beautifully done with the highest of quality features. Two units upstairs each with 2/2 fireplace, central a/c w/d, dishwasher, large windows, 2 parking spaces on site, security camera, additional entrance foyer Rent for 2,450 month, tenant pays utilities
Downstairs- two 2/1 units (one ADA) each with fireplace, central a/c, w/d, walk-in closets, 3 TVs, large windows, 2 parking spaces, security camera, rent for $2,500 all in as they can be short or mid-term rentals
Both short and long term rentability approved by town. Beautifully done with the highest of quality features. Two units upstairs each with 2/2 fireplace, central a/c w/d, dishwasher, large windows, 2 parking spaces on site, security camera, additional entrance foyer Rent for 2,450 month, tenant pays utilities
Downstairs- two 2/1 units (one ADA) each with fireplace, central a/c, w/d, walk-in closets, 3 TVs, large windows, 2 parking spaces, security camera, rent for $2,500 all in as they can be short or mid-term rentals
Property Facts
| Price | $1,590,000 | Status | Active |
| Price / SF | $283.93 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.31% | Total Building Size | 5,600 SF |
| Sale Type | Investment | Total Land Area | 1.66 AC |
| Price | $1,590,000 |
| Price / SF | $283.93 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.31% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,600 SF |
| Total Land Area | 1.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1577 Goshen Turnpike, Middletown, NY 10941 | Industrial | 2,800 SF | 2023 | - |
| 375 Blumel Rd, Scotchtown, NY 10941 | Multifamily | 2,800 SF | 2023 | - |
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375 Hasbrouck Farm LLC
375 Blumel Rd
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