$476,000
$450,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
1 Pleasant AVE Walden, NY 12586
6 Beds
4 Baths
6,560 Sqft Lot
Key Details
Sold Price $476,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6284893
Sold Date 03/19/24
Style Colonial
Bedrooms 6
Full Baths 4
Originating Board onekey2
Rental Info No
Year Built 1950
Annual Tax Amount $9,661
Lot Size 6,560 Sqft
Acres 0.1506
Property Description
Please submit your Highest and Best offers by Monday, January 22 at 2 pm. Welcome to an incredible investment opportunity! This property boasts 4 rental units and combines both great potential and immediate returns. The first unit was intentionally left vacant for a future owner-occupant. Currently, 3 units are occupied by reliable tenants under lease agreements, ensuring a consistent cash flow. Rents are: unit 2 (1bd) $1350, unit 3 (1bd) $1025, unit 4 (1bd) $1450. Unit 1 (3bd) is vacant. The last rent for unit 1 was $1650 (in 2023).
Gros income: $65,700, Net income: $43,627 and an impressive CAP rate of 10%.
Sold "As is"
For investors with an eye for future growth, there's significant upside potential. By strategically adjusting rental rates or completely renovating the first unit, the investor could further enhance the property's financial performance and potentially increase their cap rate. Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Orange County
Rooms
Basement Full, Unfinished
Interior
Heating Hot Water, Oil, Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Oil Water Heater
Exterior
Parking Features On Street
Utilities Available Trash Collection Public
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Walden Elementary School
Middle Schools Valley Central Middle School
High Schools Valley Central High School
School District Valley Central (Montgomery)
Others
Senior Community No
Special Listing Condition None
Read Less
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Bought with Exp Realty