Nest Seekers

Exceptional investment opportunity in a desirable Suffern location !

18-20 Park Place
Ramapo, NY 10901

Listing

Web ID:5846407
Website:https://www.nestseekers.com/5846407

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.3 Acres

Financials

Price:$1,099,000
Annual Taxes:$16,440

Description

Exceptional investment opportunity in a desirable Suffern location! Currently generating $6,200 in monthly rental income, with potential to reach $8,200 per month! This three-unit mixed-use property includes two income-producing apartments and a vacant commercial unit you can use for your own business or lease for a potential $2,000 per month. Set on generous grounds with an expansive green yard, beautiful mature trees, and a large paved parking area, the property combines an attractive setting with convenient on-site parking. The commercial unit features four offices, a bathroom, and a large basement with windows, providing valuable additional storage and flexible space. The first apartment includes three generously sized bedrooms, one bathroom, a kitchen, a living and dining area, laundry space, and basement access. The second apartment offers three bedrooms, one bathroom, a kitchen, a separate living room, laundry space, and a primary bedroom with a walk-in closet. Conveniently located near restaurants, shops, schools, and public transportation, this property brings together spacious grounds, multiple rental opportunities, and exciting income growth potential. An outstanding opportunity to own a versatile income-producing property with generous outdoor space, ample parking, and significant rental upside! This property can be purchased individually or together with 22 Park Place, Suffern, NY (MLS #1069520).

Amenities

  • Natural Gas Available
  • Trash Collection Public
  • 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 Keller Williams Valley Realty
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