Highlands, NY 10928

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 3 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$595,000
Annual Taxes:$10,292.44
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Howard Hanna Rand Realty

Well maintained multifamily investment opportunity in the Village of Highland Falls.

Two-story residence with a covered front porch featuring white railings

Two-story residence with a covered front porch featuring white railings

Two-story residence with a covered front porch featuring white railings
Covered front porch with white railings and lattice skirting
Apartment 2B
Two-story residence with a covered front porch featuring white railingsCovered front porch with white railings and lattice skirting

Description

Well-maintained multifamily investment opportunity in the Village of Highland Falls. The property features three separate one-bedroom, one-bath apartments, with the first-floor apartment occupying the entire floor and two additional apartments located on the second floor. One of the second-floor apartments also offers walk-up attic access, providing additional potential. The basement offers washer and dryer facilities and areas that can be designated as storage for each unit. Recent updates include a new oil tank; two electric water heaters serving apartments 1 and 2; refinished hardwood floors in the first floor apartment; front and back porch steps; refrigerator in a second floor apartment, ceiling fans first floor apartment; and updated plumbing. All three units are currently occupied by month-to-month tenants, with rents reported below current market value, providing an opportunity for a new owner to potentially increase rental income over time (subject to applicable laws and tenant agreements). Owner pays oil for heat, water, sewer and trash. Tenants pay electric, hot water, internet and phone. Ideally located within walking distance of Roe Park, residents have convenient access to a basketball court, playground, pavilion with bathrooms, softball and Little League fields, seasonal pool, and community events, including the annual Fourth of July celebration with live music and fireworks. Located less than one mile from the gates of West Point, a short drive to Bear Mountain State Park, the property also offers convenient access to multiple train stations providing service to New York City, all within approximately an 18-minute drive. Come see this multifamily home offering existing rental income and potential for future rent growth in a highly accessible location. Showing requests must be made a minimum of 48 hours in advance, are by seller agent access, and must be coordinated in advance with the tenants. All photos have been photoshopped and tenants personal belongings have been removed. Home sold as is.

Amenities

  • Cable - Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Park
  • Playground
  • Pool
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Long Island MLS

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.