Great opportunity to own three family investment property in Nyack. Steps away from Main Street and Broadway. Close to park, Hudson River and buses to NYC. Three apartments consist of 1 bedroom, living room, kitchen and 1 bath. Apt. on first floor includes den/porch area. In 2019: all new roof, driveway, new gutters, and newly painted exterior. Rent under market, apts. can be rented for an additional $100-150/mo. Tenants take care of outside maintenance. All separate utilities; owner pays for water only. Cap rate on investment: 6%. total rent $40,200 owner pays for water $480 per year, insurance $1500/year.net income about $28000 per year cap rate of 6%. rents can be higher for little updating. stable rental income. parking in the back of the property.
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Listed with Ellis Sotheby's Intl Realty
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Date Last Updated: 5/25/19 6:00 AM PDT