1611 Route 376 | Wappingers Falls, NY 12590
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- LoopNet Team
1611 Route 376
Wappingers Falls, NY 12590
Sky View Apartments · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- One Floor garden apartments, with two parking lots & 8 Security cameras.
PROPERTY FACTS
| No. Units | 30 | Building Size | 17,376 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.88/1,000 SF |
| Lot Size | 1.80 AC | ||
| Zoning | GB | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 17,376 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.88/1,000 SF |
| Zoning | GB |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Yard
- Grill
- Dining Room
- Wheelchair Accessible (Rooms)
ABOUT 1611 ROUTE 376 , WAPPINGERS FALLS, NY 12590
These garden apartments have huge upside potential as the rents are much lower than the market, which keeps us full, but we intend to raise them as leases come up. The projection, within one year is $381,375 Gross, $222,931 NOI with at whopping 8.33 CAP rate. Other good news is that we just completed a $60,000 contract to tap into municipal water which will save a lot of money in several areas, increasing the net about $4,000 per year.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+2 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 135689-6259-03-494306-0000 | Improvements Assessment | $2,460,400 |
| Land Assessment | $136,100 | Total Assessment | $2,596,500 |
PROPERTY TAXES
Parcel Number
135689-6259-03-494306-0000
Land Assessment
$136,100
Improvements Assessment
$2,460,400
Total Assessment
$2,596,500
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