110 S Riverside Rd
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110 S Riverside Rd
5 Unit Apartment Building $785,000 ($157,000/Unit) 8.02% Cap Rate Highland, NY 12528
INVESTMENT HIGHLIGHTS
- Tenant Paid Utilities
- Walking Distance To Town Park
- MTM Leases With Upside Potential
- In Proximity To I-87, Route 9W & The Mid-Hudson Bridge
EXECUTIVE SUMMARY
110 S Riverside is a 5-unit multifamily property located in Highland, NY. It's in proximity To I-87, Route 9W & The Mid-Hudson Bridge and sits directly across the street from a town park with a Baseball field and tennis and basketball courts, as well as access to the Rail Trail. Tenants pay their own utilities with all new mini splits. Most of the apartments have recent renovations and are turn-key. Long term tenants (month to month) with upside potential at market rents. Ample off-street parking.
PROPERTY FACTS
| Price | $785,000 | Building Class | C |
| Price Per Unit | $157,000 | Lot Size | 0.87 AC |
| Sale Type | Investment | Building Size | 3,192 SF |
| Cap Rate | 8.02% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 3.13/1,000 SF |
| Apartment Style | Low Rise |
| Price | $785,000 |
| Price Per Unit | $157,000 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 3,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 3.13/1,000 SF |
SITE AMENITIES
- Basketball Court
- Walking/Biking Trails
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 3200-087.011-0002-021.110-0000 | Improvements Assessment | $254,100 |
| Land Assessment | $87,900 | Total Assessment | $342,000 |
PROPERTY TAXES
Parcel Number
3200-087.011-0002-021.110-0000
Land Assessment
$87,900
Improvements Assessment
$254,100
Total Assessment
$342,000
ZONING
| Zoning Code | LB (Local Business) |
| LB (Local Business) |
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110 S Riverside Rd
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