5635 NY-82

Nestled in the serene countryside of Clinton Corners, NY, this stunning multifamily property at 5635-5639 Route 82 offers an idyllic blend of rural charm and modern living. Set on a picturesque lot, the property features four spacious apartments and a separate two-bedroom cottage, providing ample living space and privacy for residents. Each unit is thoughtfully designed to capture the beauty of the surrounding landscape, with large windows that flood the interiors with natural light and offer breathtaking views of the rolling hills and lush greenery. With a total monthly rental income of $7,455 and an impressive annual income of $89,460, this property not only exudes beauty but also promises solid returns.
Beyond its aesthetic appeal, the property is meticulously maintained to ensure comfort and convenience for its tenants. The grounds are beautifully landscaped, with well-kept lawns and mature trees that provide shade and enhance the property's curb appeal. Practicality meets elegance with essential amenities like ample parking and a reliable heating system, powered by an efficient oil/fuel setup that costs $7,848 annually. The electric expenses are kept manageable at $4,500 per year, ensuring the property's operational costs remain reasonable while maintaining a high standard of living for residents.
Financially, this property is a standout investment. With total annual expenses of $25,440, the net operating income (NOI) reaches an impressive $64,020, reflecting the property's profitability and efficiency. The cap rate, a key indicator of investment potential, will be calculated based on the final purchase price, offering potential buyers a clear view of the property’s return on investment. This cap rate, combined with the solid NOI and the property's inherent charm, makes this multifamily home in Clinton Corners a rare find that offers both aesthetic beauty and financial stability.