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Multi Family 2-4 in Putnam County
MLS Number912328
Address10 Bon Miller Road, Mahopac, NY 10541 show map
Price$1,800,000 show mortgage calculator
Acres3.4199954086318
Year Built1999
Est. Sq. Footage0
Elementary School
Jr High-Middle School
High School
Estimated Taxes$27,608
Total Apt Units3
Remarks

Prime investment opportunity in Mahopac, NY offering 3.4 acres with income-producing tenant and development potential. 10 Bon Miller Rd, a unique property located just off Route 6 yet in the heart of Mahopac and Town of Carmel. This exceptional offering features two buildings totaling 14,242 square feet with a mix of current income and outstanding development potential. The rear building, constructed in 1999 is currently leased to a national tenant who occupies 45% of the space and is in year 7 of a 15 year lease. This tenant is responsible for 100% of property maintenance, landlords insurance, and their proportionate share of real estate taxes, providing a reliable and low-maintenance income stream for the new owner. An additional second-floor walk-up office space is currently available for lease, offering upside for increased cash flow. Additionally, there is a possibility that this can be converted to multi-family use, subject to approvals making this property a standout opportunity for investors and developers. The front building is a 2,772 sq ft residence that has been completely gutted and is ready for a full renovation. The zoning allows for multi-family use with 500 sq ft minimum per unit, offering significant redevelopment potential.

Amenities

This listing is Courtesy of McGrath Realty Inc (845-896-5444).

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