For Sale
$1,475,000

48 Loomis Village Rd Liberty, NY 12754

7-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional 7-unit apartment building presents a compelling investment opportunity in Liberty, New York. Situated on a spacious 1.61-acre lot at 48 Loomis Village Road, this stately brick and steel structure boasts 10,054 square feet and offers a compelling 4.00% cap rate with a Net Operating Income (NOI) of $67,074. Originally constructed in 1920, the property has been meticulously maintained, featuring high ceilings and abundant natural light. The unit mix includes two 1-bedroom, four 2-bedroom, and one 3-bedroom apartment. Each unit has its own electric meter (eight total), with tenants responsible for their electricity. The landlord covers the cost of propane hot water radiator heat for most units

Property Details for 48 Loomis Village Rd

Property type
Apartment buildings
Square Feet
10,054 SF
Year Built
1920
Lot Size (sq. ft)
70,132 SF
Units
7

Location Insight

City
Liberty
County
Sullivan
State
New York
Latitude
41.7968074
Longitude
-74.7875793
48 Loomis Village Rd, Liberty, New York

FAQs

What type of property is this?
Apartment building - 7-Unit Apartment Building, High ROI
Where is the apartment building located?
The property is located at 48 Loomis Village Rd Liberty, NY.
What is the asking price?
The asking price for this property is $1,475,000.
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48 Loomis Village Rd
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