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Multi Family, 6 Unit 54 Eldred Yulan Rd 6 Unit Apartment Building $850,000 ($141,667/Unit) 7.17% Cap Rate Eldred, NY 12732
INVESTMENT HIGHLIGHTS
- Fully Rented with good, happy tenants
- 6+ acres with pond
- Recently updated apartments
EXECUTIVE SUMMARY
Turnkey Investment Opportunity – 6-Unit Income Property on 6+ Acres with Pond. Don't miss this opportunity to own a fully rented multi-unit property in a peaceful country setting! These well-maintained buildings, with a total of 6 rental units, offers immediate cash flow and long-term potential. Situated on over six acres with a scenic pond, this property combines rural charm with convenience. Tenants enjoy access to a shared laundry room with designated laundry days, a paved circular driveway, and private water and sewer—minimizing owner expenses. Tenants pay for their own utilities, stable rental history with long-term happy tenants. Each unit has a separate entrance and have been updated within the last three years. Buildings are conveniently located near local schools, shopping, and more. This is the perfect opportunity for seasoned investors or those looking to expand their rental portfolio. Schedule a private tour and start earning income from day one!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$77,100
|
$3.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,100
|
$3.66
|
| Taxes |
$4,800
|
$0.23
|
| Operating Expenses |
$11,360
|
$0.54
|
| Total Expenses |
$16,160
|
$0.77
|
| Net Operating Income |
$60,940
|
$2.89
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $77,100 |
| Annual Per SF | $3.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,100 |
| Annual Per SF | $3.66 |
| Taxes | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.23 |
| Operating Expenses | |
|---|---|
| Annual | $11,360 |
| Annual Per SF | $0.54 |
| Total Expenses | |
|---|---|
| Annual | $16,160 |
| Annual Per SF | $0.77 |
| Net Operating Income | |
|---|---|
| Annual | $60,940 |
| Annual Per SF | $2.89 |
PROPERTY FACTS
| Price | $850,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $141,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 6.54 AC |
| Cap Rate | 7.17% | Building Size | 21,080 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1949 |
| Zoning | R1 | ||
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 6.54 AC |
| Building Size | 21,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | R1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,088 | - |
| 2+1 | 13 | $1,025 | - |
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PROPERTY TAXES
| Parcel Number | 3400-012-0-0001-002-000 | Total Assessment | $160,350 |
| Land Assessment | $74,925 | Annual Taxes | $4,800 ($0.23/SF) |
| Improvements Assessment | $85,425 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3400-012-0-0001-002-000
Land Assessment
$74,925
Improvements Assessment
$85,425
Total Assessment
$160,350
Annual Taxes
$4,800 ($0.23/SF)
Tax Year
2024
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Multi Family, 6 Unit | 54 Eldred Yulan Rd
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