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6-8 Wilbur Road 6 Wilbur Rd

5 Unit Apartment Building $1,200,000 ($240,000/Unit) 8% Cap Rate Pleasant Valley, NY 12569

Investment Highlights

  • Private Panoramic Park-like Setting
  • Custom High End Units
  • 2 Parking Spaces Per Unit

Executive Summary

INVESTORS! Discover a LUXURIOUS opportunity to buy Prime Real Estate! The Multi-Unit collection of well-maintained units offer unique charm and is maintenance-free! Situated with water views, the property has 3 one bedroom attached townhomes, with 3 additional spacious studies, that serve as multi-purpose rooms. A separate two-level, 1 bedroom single family home with an open layout and 2 full-sized bathrooms, the finished lower level is used as a guest bed area. Additionally! ONE townhome has a beautiful bonus apartment below that boasts of 10-foot ceilings and like the other units it features granite countertops, custom cabinetry, hardwood floors, ceramic tile, energy-efficient appliances, crown molding, large picture windows/sliders opening to glass decks offering breathtaking views. Unique to the Hudson Valley, this property stands out due to complete modernization and solid occupancy rates, with long-term tenants adding to its appeal. This A+ 7 CAP property has a 10 CAP future.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $101,880 $21.71
Other Income - -
Vacancy Loss - -
Effective Gross Income $101,880 $21.71
Net Operating Income - -

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $101,880
Annual Per SF $21.71
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $101,880
Annual Per SF $21.71
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,200,000
Price Per Unit $240,000
Sale Type Investment
Cap Rate 8%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.20 AC
Building Size 4,692 SF
No. Stories 3
Year Built 2005

Amenities

  • Display Window

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Bay Window
  • Crown Molding
  • Eat-in Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Oven
  • Basement
  • Deck
  • Den
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Island Kitchen
  • Linen Closet
  • Office

Site Amenities

  • Waterfront
  • Gas Range
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 6 $1,958 1,100 - 1,250
1+1 4 $1,713 800
1+2 5 $1,975 1,592

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
134400-6363-04-634315-0000
Land Assessment
$51,400 (2023)
Improvements Assessment
$347,600 (2023)
Total Assessment
$399,000 (2023)

zoning

Zoning Code HDR
HDR
  • Listing ID: 33101473

  • Date on Market: 9/7/2024

  • Last Updated:

  • Address: 6 Wilbur Rd, Pleasant Valley, NY 12569

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