1256 North Ave, Beacon, NY 12508

23 Unit Apartment Building | $2,650,000 ($115,217/Unit) | 10% Cap Rate | Beacon, NY 12508

For Sale

Active

4 pictures

Asking Price $2,650,000

Property Type: Multifamily
Square Feet: 7,000 SF

Listing Contacts

Bob Donnelly

Property Overview

Rare 10% CAP - Almost Renovated Beacon Multifamily Property Premium Opportunity in Prime Location Welcome to this exceptional multifamily property in the heart of Beacon, NY! This unique investment opportunity offers a combination of commuter rentals and Air B&B potential, perfect for savvy investors and entrepreneurs. Recently Renovated The property has undergone significant renovations, with 7 apartments on the 2nd and 3rd floors nearing completion. First Floor Flexibility The 1st floor features 14 units configured as a Single Resident Occupancy/Air BNB Hostel-Style layout, providing flexibility and versatility for short-term rentals or long-term leases. Prime Location Conveniently next to the Newburgh/Beacon Bridge and close to the direct train to Grand Central Station. Beacon is a prime residential area, boasting the Dia.Beacon Museum, many shops and food establishments.
Some units occupied. Can show with notice on 2nd showing. 7 Units under renovation with new kitchens and baths. Trim packages getting installed now.

Property Details

Class: C
Year Built: 2019
Stories: 2
Lot Size (sq. ft): 22,216 SF
Units: 23

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