66 Ball Street
Port Jervis, NY 12771

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$699,999
Annual Taxes:$6,956.30
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Compass Greater NY, LLC

Legal 6 Unit Multi Family Prime Port Jervis Investment An exceptional income producing opportunity in the heart of downtown Port Jervis.

Description

Legal 6-Unit Multi-Family — Prime Port Jervis Investment An exceptional income-producing opportunity in the heart of downtown Port Jervis. This legal six-unit multi-family offers 5,992 sq ft of living space on a 6,860 sq ft lot, zoned CBD, with a proven rental history and immediate upside. The numbers: Unit mix of three 2-bedroom apartments, two studios, and one 1-bedroom — each with its own private entrance. The property has produced $9,700/month in gross rent ($116,400 annually) when fully leased at mostly below-market rents. Three units are currently vacant, giving an investor day-one value-add: lease up the vacancies and raise rents to market to significantly increase income. All this with remarkably low taxes of just $6,956/year. The property: Built 1931 with solid frame construction, natural gas heat, ductless cooling, public water and sewer, and an unfinished basement with room to grow. A standout feature rarely found in downtown multi-families: Large driveway with assigned parking for all six units. The location: Walkable downtown Port Jervis — shops, dining, and the Metro-North train station with service to New York City. Minutes to I-84 and Routes 6/97, the Delaware River, and the tri-state corner of New York, New Jersey, and Pennsylvania — a growing corridor drawing tenants and investors alike. Ideal for the investor seeking strong cash flow today with clear appreciation and rent-growth potential tomorrow. Schedule your private tour and see the numbers for yourself.

Amenities

  • Natural Gas Connected
  • Sewer Connected
  • 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.