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Attention Investors! Discover this exceptional opportunity with a brand new four unit apartment building offering luxurious and modern living. Each spacious two bedroom, 1 1/2 bath apartment is meticulously designed with upgraded kitchens boasting stainless steel appliances and stone counters. The open concept floor plan seamlessly connects the living and dining areas, ideal for entertaining guests. The high-end bathrooms feature tile tub surrounds and premium fixtures, adding a touch of elegance. Each apartment enjoys the convenience of separate energy efficient , two zone utilities, including central air conditioning for comfort throughout the year. Already, two apartments are rented, projecting an impressive annual income of $114,570 with a conservative 5% vacancy rate factored in. This yields an attractive 8% cap rate after deducting expenses. Located in the charming Village of Wurtsboro just a few minutes walk from the bustling Sullivan Street known for its galleries, restaurants and shops, this property promises not only financial rewards but also a vibrant community atmosphere. For the nature enthusiasts enjoy nearby mountain ranges and hiking trails. Don't miss out on this one of a kind investment opportunity
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Listing information last updated on July 12th, 2024 at 3:20am EDT.