82 Millers Corners Rd
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82 Millers Corners Rd
4 Unit Apartment Building $699,000 ($174,750/Unit) 7.25% Cap Rate Averill Park, NY 12018
Investment Highlights
- are Investment Opportunity, high rent demand, well-maintained. Averill Park Schools
- 3.5 acres in prime locale, loads of outdoor spaces
- Private, attractive 4-unit, multi-generational compound
Executive Summary
Rare Investment Opportunity! Private, Attractive 4-unit on nearly 3.5 acres in prime locale! High rent demand + well-maintained. Averill Park Schools. Unit-D: Spacious, 2,700+/- usable sf is tastefully renovated (2024) and ready to rent OR owner occupy! D features 3bd, 3ba, new kitchen, 9 ft island, W/I pantry, soaring ceilings, new LVP FL, carpet + paint throughout, reno baths + laundry room. Unit-A: Updated ('23). Important upgrades abound. New drilled well ('22) New electric panels/meters ('19) Offers a 4-car garage, designated storage units + marked parking atop the private paved drive. Numerous decks, porches + patios, surrounded by views + nature. Could also make a beautiful multi-generational compound! Less than 2 Mi to Burden Lake Golf Course/lake. 8 Mi to I-90 EX 8; 11 Mi to ALBANY. Minutes to Regeneron, Amazon Warehouse, RPI, HVCC, Tech Park, Under 3 hrs to NYC
Unit 1 $1,495 actual rented
Unit 2 $1,075 actual rented
Unit 3 $1,145 actual rented
Unit 4 $2,500 est. vacant
Unit 1 $1,495 actual rented
Unit 2 $1,075 actual rented
Unit 3 $1,145 actual rented
Unit 4 $2,500 est. vacant
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$74,580
|
$16.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,580
|
$16.28
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $74,580 |
| Annual Per SF | $16.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,580 |
| Annual Per SF | $16.28 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $699,000 | Property Subtype | Apartment |
| Price Per Unit | $174,750 | Lot Size | 3.38 AC |
| Sale Type | Investment | Building Size | 4,580 SF |
| Cap Rate | 7.25% | No. Stories | 3 |
| Sale Conditions | 1031 Exchange | Year Built | 1979 |
| No. Units | 4 | Parking Ratio | 0.87/1,000 SF |
| Property Type | Multifamily |
| Price | $699,000 |
| Price Per Unit | $174,750 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 3.38 AC |
| Building Size | 4,580 SF |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 0.87/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Ceiling Fans
- Views
- Carpet
- Deck
- Porch
- Vinyl Flooring
1 of 1
PROPERTY TAXES
| Parcel Number | 3089-169-5-6.1 | Improvements Assessment | $223,200 |
| Land Assessment | $21,600 | Total Assessment | $244,800 |
PROPERTY TAXES
Parcel Number
3089-169-5-6.1
Land Assessment
$21,600
Improvements Assessment
$223,200
Total Assessment
$244,800
zoning
| Zoning Code | RR (Residential zoning area) |
| RR (Residential zoning area) |
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Division 1 Realty LLC
82 Millers Corners Rd
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