260-262 Route 9Fishkill, NY 12524

Property Details for 260-262 Route 9

Year built

1930

Lot size

1.70 AC

Property size (Sq ft)

3,500 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained four-unit apartment building in Fishkill, NY, presents a lucrative investment opportunity. Located at 260-262 Route 9, this 3,500 square foot property sits on a 1.7-acre lot and boasts a strong 90% occupancy rate. Built in 1930 and extensively renovated in 2008, the building offers eight parking spaces and features a new septic system and a roof that's approximately 15 years old. Municipal water is available. The property generates a substantial net operating income (NOI) of $59,604, resulting in a compelling 9.17% cap rate. Each unit is priced at $162,500, with an overall asking price of $650,000 ($185.71 per square foot). There is potential for additional income; two garages could generate an estimated $600 per month in rental income. The property is available for viewing on June 15th between 12:00 PM and 3:00 PM. This is a cash-flowing multifamily investment ideal for discerning buyers.

Location Insight

City

Fishkill

County

Dutchess

State

New York

Latitude

41.5072

Longitude

-73.8972

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