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201 Ludingtonville Rd Holmes, NY 12531

Sponsored
For Sale
$2,800,000

20-Unit Multifamily, Excellent Condition

Property size:
10,730 SF

Description

Added:
Feb 3, 2025
Days on Market:
353
This exceptional investment opportunity presents a 20-unit multifamily property situated at 201 Ludingtonville Rd, Holmes, NY. Boasting a substantial 10,730 square feet of living space on an expansive 8.2-acre lot, this property offers significant potential for investors. The property is in excellent condition, having undergone numerous structural improvements over its history. The current owners, who have meticulously managed the premises for the past 30 years, provide a testament to its consistent performance. Each of the 20 units features electric heat with individual meters, wall air conditioning units, and private basement storage. Shared laundry facilities add to the convenience for residents. Convenient access to I-84 ensures easy commuting for tenants. A projected 7% capitalization rate in 2025 is anticipated at the asking price of $2,800,000, translating to $140,000 per unit. Detailed financial information, including complete rent rolls, income and expense statements, and a recent independent appraisal, are readily available for qualified buyers upon request. This well-maintained property represents a rare opportunity to acquire a stable, income-generating asset in a desirable location. The extensive history of responsible ownership and the property's strong condition make this an attractive investment prospect.

Property Features for 201 Ludingtonville Rd

General Information

Property type
Other commercial real estate
Square Feet
10,730 SF
Lot Size
357,192 SF

Building Details

Year Built
1975

We can help!

Listing Contact
Lance Pahucki

Learn more


Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Dental Office Wholesale Shop Kitchen & Bath Food Market Storage Facility HVAC Service Garden Center Smoke and Vape Shop Plumbing Service Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Holmes
County
Putnam County
State
New York
Longitude
-73.65466
Latitude
41.48524

FAQs

What type of property is this?
Commercial real estate - 20-Unit Multifamily, Excellent Condition
Where is this commercial real estate located?
The property is located at 201 Ludingtonville Rd Holmes, NY.
What is the asking price?
The asking price for this property is $2,800,000.
More about this property
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