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Multi-Family 2-4 in Putnam County
MLS Number4935976
Address879 Farmers Mills Road, Carmel, NY 10512-3202 show map
Price$569,000 show mortgage calculator
Year Built1960
Est. Sq. Footage3540
Elementary SchoolKent Elementary
Jr High-Middle SchoolGeorge Fischer
High SchoolCarmel
Estimated Taxes$19,000
Total Apt Units4

7% CAP - Great Investment of FOUR LEGAL 1 bedroom Apartments with 5 full possible apartments on a level private lot with ample parking up to 10 cars. This money maker has a solid tenant roll with many new improvements. Tenants pay all electric with electric heat on 5 separate meters. Landlord pays snow, landscape and hot water. NEW: front windows, complete bathrooms in all units, garage doors, well pump and entire well casing, water softener system, and water pressure storage tank. Roof is 9 years new. Separate room in rear of building ready for laundry room that has a separate dry well. Total Gross Rent = 71,400. Total Expenses = 30,900. NET INCOME = 40,500 - - - 7% CAP


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