Rare 6 Unit Income Property 10 Cap in Highland, NY HOLD.


Property

Website:https://www.nestseekers.com/5424938
Address:
Ulster, NY 12528
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.4 Acres

Financials

Price:$798,000
Annual Taxes:$13,980

Description

Rare 6-Unit Income Property – 10% Cap in Highland, NY ( HOLD.. you don't need a commercial mortgage; you can do a simple multi-family mortgage. Call me will explain how) Looking for stability and high yield? This property offers a perfect blend of high returns and low management stress. This 6-unit building operates at a 10% cap rate with a proven history of zero vacancy. Enjoy the benefits of a "hands-off" utility structure where tenants cover their own costs, significantly reducing owner expenses. The property offers excellent parking for residents and is home to high-quality tenants who take pride in their community. Whether you are looking to 1031 exchange or start a high-yield portfolio, this turnkey asset is ready to perform from day 1

Amenities

  • Back Yard
  • Natural Gas Available
  • Other

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of MS Realty Group USA, Inc