9 Kiscona Rd
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9 Kiscona Rd
6 Unit Apartment Building $1,200,000 ($200,000/Unit) 5% Cap Rate Mount Kisco, NY 10549
Investment Highlights
- low maintenance
- tenants pay heat & electric
- free market rentals
Executive Summary
Rare opportunity to purchase 6-Family compound comprised of two buildings (back: built in 1940, & Front: 1979) with 6 space car parking lot. Situated in the Village of Mt. Kisco. Family owned since it was built. Well maintained, fully rented with long term tenants, no leases (month/month). These Apts are free market rentals, not rent controlled. Tenants pay for heat & electric. Town water and sewer. Each unit has its own electric & gas meter with circuit breaker boxes in each unit. Walkways have heated snow melt system, no snow removal. Front building has 4, one bdrm units, Back building has 1, two brm & 1 one bdrm. Rents are under market price averaging $1.260 per mo, total gross income $90,600. Projected income for one bdrms is $1,700 and 2bdrm $2,000, total gross income $126,000. Please ask for & view Investment worksheet for detailed information including cap rate.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment |
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,300 | - |
| 2+1 | 1 | $1,300 | - |
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