186 County Route 7A Apartments | 186 County Route 7A
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186 County Route 7A Apartments 186 County Route 7A
6 Unit Apartment Building $875,000 ($145,833/Unit) 6.80% Cap Rate Copake, NY 12516
Investment Highlights
- Free Market Apartments
- All Separate Utilities
- Washer and Dryer Hookups
- Immediate Rental Upside
- Ample Parking
- Month to Month Leases
Executive Summary
Redwood Realty Advisors is pleased to present a 6-unit multi-family property for sale in Copake, NY. The property consists of two buildings which have two (2) 2 bedroom / 1.5 bathroom apartments and four (4) 2 bedroom / 1 bathroom apartments. The first building serves as a townhouse style duplex that includes the bigger 2 bedroom units. The property was built in 1990 and the tenants pay for their own utilities (electric heat). Located conveniently on Main Street in Copake, the property provides quick access to towns in NY, CT and MA in an area where apartments are scarce. For more information, please reach out to Robert Magrino at (845) 405-6202 or rmagrino@redwoodrealtyadvisors.com.
Property Facts
| Price | $875,000 | Property Subtype | Apartment |
| Price Per Unit | $145,833 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.80% | Lot Size | 1.86 AC |
| Gross Rent Multiplier | 9.8 | Building Size | 5,040 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Price | $875,000 |
| Price Per Unit | $145,833 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.86 AC |
| Building Size | 5,040 SF |
| No. Stories | 2 |
| Year Built | 1990 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 2+1.5 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 103200-187-001-0001-040-200-0000 | Improvements Assessment | $387,000 |
| Land Assessment | $68,000 | Total Assessment | $455,000 |
PROPERTY TAXES
Parcel Number
103200-187-001-0001-040-200-0000
Land Assessment
$68,000
Improvements Assessment
$387,000
Total Assessment
$455,000
zoning
| Zoning Code | 07 (Mixed use) |
| 07 (Mixed use) |
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186 County Route 7A Apartments | 186 County Route 7A
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