127 Pine St, Wurtsboro, NY 12790
4 Unit Apartment Building | $1,200,000 ($300,000/Unit) | 8.43% Cap Rate | Wurtsboro, NY 12790
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,200,000
- Property Type
-
Multifamily
- Square Feet
- 7,840 SF
Listing Contacts
Jason Karadus
Verified Profile
- Property Info
Property Overview
Attention Investors! Brand new 4-unit apartment building offering modern luxurious living. Each spacious 2 bedroom, 1 1/2 bath apartment is meticulously designed, including a stunning kitchen with upgraded cabinets, stainless appliances, stone counters, DW and premium vented hoods. 10’ ceilings and open floor plan seamlessly connects living and dining areas, ideal for entertaining and comfort. The high-end bathrooms feature premium Moen fixtures, tiled tub, mirrored medicine cabs, and 8’ glass doors. Large closets and large windows abound providing abundant storage, light & air. Each unit has separate very high-efficiency 2-zone central heating & cooling. All utilities are separately metered and paid by the tenants. Each units features a grand oak staircase, washer/dryer closet, 2 off-street parking spots, private entrance, private deck, and double sound barrier walls between units. All units rented quickly yielding an impressive annual income of $114,570 with a conservative 5% vacancy factor, yielding an attractive 8%+ cap rate after expenses. Located in the charming Village of Wurtsboro, the town in the Catskills closest to NYC, nature enthusiasts can enjoy several nature trails that run thru town and many wonderful nearby mountain attractions, and with the town’s many galleries, restaurants and shops, this property promises not only financial rewards but also a vibrant community atmosphere. Don't miss out on this one-of-a-kind investment opportunity.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 2
- Lot Size (sq. ft)
- 8,276 SF
- Units
- 4
Highlights
- 10 Foot Ceilings, Grand Oak Staircases
- All Utilities Separately Metered and paid by tenants
- Premium condo-quality fixtures, finishes and details
- Separate very high-efficiency central heating and cooling systems in each unit.
- Impressive 8’ wood and glass entry doors
- Low expenses, great income
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