Nest Seekers

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

66 Ball Street
Port Jervis, NY 12771

Listing

Web ID:5828387
Website:https://www.nestseekers.com/5828387

Property

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

Financials

Price:$699,999
Annual Taxes:$6,956.30

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

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of Compass Greater NY, LLC
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