9541 Horseshoe Island Rd
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9541 Horseshoe Island Rd
2,112 SF Specialty Building Offered at $320,000 at a 6.31% Cap Rate in Clay, NY 13041
Investment Highlights
- Fully renovated single family with an in law apt in the Desirable community of horseshoe Island in Clay NY.
- 120k in capital improvements
- $34, 800 in yearly income and $20,193 in Net operating income .
- Brand new roof and Driveway !
Executive Summary
Welcome to 9541 Horseshoe is Rd .
This Beautiful property is located in the Desirable community of horseshoe island in clay Ny.
Here you will Enjoy a fully renovated and rented single family with an in law apt .
Main part of the house have 3 Bedrooms, Eat in kitchen , living room , full bath a family room with vaulted ceilings & French doors opening to the beautiful back yard .In Law apt have a full kitchen , good size bedroom w walk in closet , living room & a full bath. both units share a mud room with laundry area. separate entrance for each apt.
This is a truly plug and play income property.
120k + in Capital improvements , strong rental history and and rents Appreciation year after year makes this one a winner !
This Beautiful property is located in the Desirable community of horseshoe island in clay Ny.
Here you will Enjoy a fully renovated and rented single family with an in law apt .
Main part of the house have 3 Bedrooms, Eat in kitchen , living room , full bath a family room with vaulted ceilings & French doors opening to the beautiful back yard .In Law apt have a full kitchen , good size bedroom w walk in closet , living room & a full bath. both units share a mud room with laundry area. separate entrance for each apt.
This is a truly plug and play income property.
120k + in Capital improvements , strong rental history and and rents Appreciation year after year makes this one a winner !
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$34,800
|
$16.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,044
|
$0.49
|
| Effective Gross Income |
$33,756
|
$15.98
|
| Taxes |
$4,200
|
$1.99
|
| Operating Expenses |
$9,362
|
$4.43
|
| Total Expenses |
$13,562
|
$6.42
|
| Net Operating Income |
$20,194
|
$9.56
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $34,800 |
| Annual Per SF | $16.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,044 |
| Annual Per SF | $0.49 |
| Effective Gross Income | |
|---|---|
| Annual | $33,756 |
| Annual Per SF | $15.98 |
| Taxes | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $1.99 |
| Operating Expenses | |
|---|---|
| Annual | $9,362 |
| Annual Per SF | $4.43 |
| Total Expenses | |
|---|---|
| Annual | $13,562 |
| Annual Per SF | $6.42 |
| Net Operating Income | |
|---|---|
| Annual | $20,194 |
| Annual Per SF | $9.56 |
Property Facts
| Price | $320,000 | Property Subtype | Residential Income |
| Price Per SF | $152 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 2,112 SF |
| Cap Rate | 6.31% | No. Stories | 1 |
| Sale Conditions | Bulk/Portfolio Sale | Year Built/Renovated | 1972/2022 |
| Property Type | Specialty | Parking Ratio | 2.84/1,000 SF |
| Price | $320,000 |
| Price Per SF | $152 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| Sale Conditions | Bulk/Portfolio Sale |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.46 AC |
| Building Size | 2,112 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 2.84/1,000 SF |
1 of 1
zoning
| Zoning Code | residential |
| residential |
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