- Price: $349,000
- Sq. Feet: 4,152
- Acreage: 1.20
- Year Built: 1960
- School District: RONDOUT VALLEY
Property Type: Mixed Use
Description: Don't judge the book by its cover! This Versatile Mixed Use Building could be your next Business location with Tremendous Income Potential. Three Large Two Bedroom Apartments are undervalued at between $900 and $950 each. Large Commercial Space (formerly used as a Laundromat) could easily be any type of Office with Generously Sized Main Area and Two other Rooms. The Four Garages which are accessed from the rear could be rented out for vehicle or equipment storage and the sizable lawn in the rear is bordered by a Stream. Add your vision and finishing touches to this solid structure.
Pro Forma, based on previous Income for Rented Spaces, reveals CAP Rate of 10.7% with 5% Vacancy.
NUMBER OF UNITS: 4
LOT DIMENSIONS: 1.2 Ac
ELECTRICITY: 100 Amps, 200 Amps, Mixed
LOT FEATURES: Corner Lot
ROAD FRONTAGE: Country Road, City Street