Property Description

INVESTMENT OPPORTUNITY - TWO 5-UNIT MULTIFAMILY PROPERTIES | 10 UNITS | 7.5% CAP RATEExceptional opportunity to acquire two 5-unit multifamily apartment buildings offering a combined 10 residential units and strong existing income. With a gross annual income of $146,052 and a 7.5% cap rate, this portfolio presents an attractive opportunity for investors looking to expand their holdings with an income-producing multifamily asset.Sparkill Avenue Property - 6,608 Sq. Ft. | 5 UnitsThe larger building consists of four spacious two-bedroom apartments and one one-bedroom basement apartment. Tenants pay their own utilities, helping reduce the owner's operating expenses and supporting stronger overall cash flow.Second Property - 4,209 Sq. Ft. | 5 UnitsThe second building offers a diversified unit mix consisting of three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, providing rental options that appeal to a broad tenant base.Together, the properties offer approximately 10,817 square feet, 10 rental units, and an established income stream. The combination of multiple unit sizes, tenant-paid utilities at the Sparkill property, and a 7.5% cap rate makes this an opportunity worth serious consideration for both experienced multifamily investors and buyers looking to grow their real estate portfolio.10 Units $146,052 Gross Annual Income 7.5% Cap Rate Approximately 10,817 Combined Sq. Ft.A compelling multifamily investment with immediate income and long-term potential. Add two income-producing properties to your portfolio in one transaction. The other property adress is 287 Mrytle Ave.

Property Features

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