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1 Pleasant AVE Walden, NY 12586
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Key Details
Sold Price $476,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $123
MLS Listing ID H6284893
Style Colonial
Bedrooms 6
Full Baths 4
Year Built 1950
Annual Tax Amount $9,661
Lot Size 6,534 Sqft
Property Description
Please submit your Highest and Best offers by Monday, January 22 at 2 pm. Welcome to an incredible investment opportunity! This property boasts 4 rental units and combines both great potential and immediate returns. The first unit was intentionally left vacant for a future owner-occupant. Currently, 3 units are occupied by reliable tenants under lease agreements, ensuring a consistent cash flow. Rents are: unit 2 (1bd) $1350, unit 3 (1bd) $1025, unit 4 (1bd) $1450. Unit 1 (3bd) is vacant. The last rent for unit 1 was $1650 (in 2023). Gros income: $65,700, Net income: $43,627 and an impressive CAP rate of 10%. Sold "As is" For investors with an eye for future growth, there's significant upside potential. By strategically adjusting rental rates or completely renovating the first unit, the investor could further enhance the property's financial performance and potentially increase their cap rate.
Location
State NY
County Orange
Interior
Heating Oil, Hot Water
Cooling Window Unit(s)
Exterior
Garage On Street
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Walden Elementary School
Middle Schools Valley Central Middle School
High Schools Valley Central High School
School District Valley Central
Others
Special Listing Condition None
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Bought with Exp Realty