Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:$1,999,999
Listing Courtesy of Keller Williams Realty
This 3 unit building is a rare gem of an asset, well built and tremendous cash flow capabilities.
Front of Property
Description
This 3 unit building is a rare gem of an asset, well built and tremendous cash flow capabilities. These 3 townhouse style units are superbly well built on ground leased land within the boundaries of SUNY Sullivan. Initially built as supplemental housing, it is now the ONLY on campus housing option. All other housing options on campus have been decommissioned. In addition to all of the physical benefits of this LEED certified building the biggest advantage is that it is operated by the College. Owner is only responsible for Capital Projects, of which there are not many. Lease up, management and collections are all handled by the college. Owner collects revenue from the College and pays Utility Bills and Insurance.
Purchase is of the building only, the building is on a Ground Lease. Lease has 15 years remaining plus a 10 year option, with a cash buyout. Additionally lease creates exclusive option to develop additional housing within the campus.
This is truly a "mailbox money" opportunity.
Amenities
- Cable Connected
- Electricity Connected
- Gas Cooktop
- Microwave
- Oven
- Propane
- Sewer Connected
- Tankless Water Heater
- Trash Collection Public
- Water Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
