MultiFamily Upstate NY Deal

[Steve Duffy]

7 Unit Multi-Family For Sale (12 CAP!!)

Upstate New York: Lake Huntington, NY

Ask: $310,000

Yearly Rent Roll: $58,740

Apt 1: $695

Apt 2: $675

Apt 3: $750

Apt 4: $675

Apt 5: $875

Apt 6: $600

Apt 7: $625

= $4,895/Mo

RE Taxes(includes sewer): $5,194

Gas: $4,661

Electric: $3,866

Trash($214/mo): $2,568

Snow ($75 each): $450/yr

Total Operating Expenses: $19,012

NOI: $39,728

This property is clean and turnkey. Seller needs to free up cash for larger deals.  Recent upgrades:

New Roof (~$20k)

New Hot Water Heater (~$5k)

New Windows

Updated units, except 1. In good condition but could use about $900 in upgrades.

Serious inquiries only. If you are interested let's tie up in contract contingent upon your inspection.  This property is good to go! Solid property, good condition, you won't be disappointed.