For Sale
$1,550,000

148 Clinton St Montgomery, NY 12549

High-yield multifamily property in historic downtown.

Overview

Added:
Feb 3
Days on market:
77
This exceptional investment opportunity presents a rare chance to acquire a substantial multifamily property boasting a strong 8.25% cap rate. The offering encompasses two distinct buildings situated on a generous 1.86-acre lot in the heart of Montgomery's vibrant downtown area. One building comprises six two-bedroom residential units, providing a consistent rental income stream. The second building is a charming, freestanding four-bedroom, one-bathroom single-family home, offering additional income potential or the possibility of owner occupancy. The combined property totals 8,269 square feet, providing ample space for all residents. Convenient off-street parking is available for all tenants, a significant advantage in this desirable location. The property's prime location places it within easy walking distance of Montgomery's finest restaurants and unique boutiques, enhancing its appeal to tenants and maximizing rental income. This is a turnkey investment ready to generate immediate returns, presenting a compelling opportunity for discerning investors seeking a high-yield, well-located property in a thriving community. The asking price is $1,550,000. Don't miss this chance to secure a valuable asset in a sought-after market.

Property Details for 148 Clinton St

Property type
Commercial real estate
Square Feet
8,269 SF
Year Built
1920
Lot Size (sq. ft)
81,195,840 SF

Location Insight

City
Montgomery
County
Orange County
State
New York
Latitude
41.52607
Longitude
-74.23513
148 Clinton St, Montgomery, New York

FAQs

What type of property is this?
Commercial real estate - High-yield multifamily property in historic downtown.
Where is the commercial real estate located?
The property is located at 148 Clinton St Montgomery, NY.
What is the asking price?
The asking price for this property is $1,550,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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148 Clinton St
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