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4321 Acme Rd 14 Unit Apartment Building $1,250,000 ($89,286/Unit) 8.99% Cap Rate Ilion, NY 13357
INVESTMENT HIGHLIGHTS
- • 93% occupancy (13 of 14 units rented currently)
- • Each unit has its own furnace, A/C, electrical meter, and panel box
- • Average tenant longevity: 6½ years
EXECUTIVE SUMMARY
Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. Some of the tenants are paying monthly rental rates below market value. With reliable tenants and only one current vacancy, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6½ years, reflecting tenant satisfaction and property stability.
Each unit is individually metered, featuring its own washer and dryer hook up, furnace, central A/C, electrical meter, and panel box. Tenants are responsible for their own gas and electricity usage. A house meter serves the common area, driveway and basement. The basement spans the full length of the building. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (11 of 14) feature front and back porches, offering added tenant appeal. The basement runs the length of the building; the majority of the foundation is a poured wall. There is ample parking available for both renters and visitors, ensuring convenience and ease of access. There is additional land for future expansion to build additional units.
Each unit is individually metered, featuring its own washer and dryer hook up, furnace, central A/C, electrical meter, and panel box. Tenants are responsible for their own gas and electricity usage. A house meter serves the common area, driveway and basement. The basement spans the full length of the building. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (11 of 14) feature front and back porches, offering added tenant appeal. The basement runs the length of the building; the majority of the foundation is a poured wall. There is ample parking available for both renters and visitors, ensuring convenience and ease of access. There is additional land for future expansion to build additional units.
PROPERTY FACTS
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $89,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.30 AC |
| Cap Rate | 8.99% | Building Size | 14,697 SF |
| No. Units | 14 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | $1,250,000 |
| Price Per Unit | $89,286 |
| Sale Type | Investment |
| Cap Rate | 8.99% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.30 AC |
| Building Size | 14,697 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1970 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 212689-119-027-0001-003-000-0000 | Improvements Assessment | $301,700 |
| Land Assessment | $17,000 | Total Assessment | $318,700 |
PROPERTY TAXES
Parcel Number
212689-119-027-0001-003-000-0000
Land Assessment
$17,000
Improvements Assessment
$301,700
Total Assessment
$318,700
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4321 Acme Rd
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