15 Free Hill RdTomkins Cove, NY 10986

Property Details for 15 Free Hill Rd

Year built

1900

Lot size

0.26 AC

Property size (Sq ft)

2,048 SF

Property type

Apartment buildings

Description

Exceptional investment opportunity awaits in Tompkins Cove, NY. This multifamily property, located at 15-17 Free Hill Road, consists of two separate three-bedroom apartment units within two buildings on a 0.26-acre lot. Built in 1900, the three-story structures offer a combined 2,048 square feet of living space. The property boasts a strong net operating income (NOI) of $49,128, resulting in an attractive 7.00% capitalization rate. The asking price is $699,000, translating to $341.31 per square foot. A detached garage adds further value and convenience. This property presents a compelling opportunity for investors seeking a stable, high-yield investment in a desirable location. The property's strong cash flow and potential for future appreciation make it an ideal addition to any investment portfolio. The Rockland County location offers easy access to local amenities and transportation. The property's APN is 392800-010-004-0001-081-000-0000.

Location Insight

City

Tomkins Cove

County

Rockland

State

New York

Latitude

41.2521

Longitude

-73.9873

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