Building Details

Tenancy Multi

Listing Agency: IRE Investment Show Phone

Listed By: Steven J. Tomaso · License #3536754

Source: Moodyscre

Added: Jun 2 Changed: Aug 16 Last Checked: Sep 4 at 5:11PM

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Investment Insights

Based on property information with market context.

This multifamily residential income property includes multiple tenant-owned homes, generating $381 per month per home. The property also features one rent-to-own unit and one traditional rental unit. An on-site manager oversees water treatment and testing, providing day-to-day operational oversight for the property.

The address is 42 Island Rd in Phoenix, NY 13135. The property is described as being in close proximity to the Micron chip plant development.

For buyers seeking an income-focused residential portfolio, this configuration offers a mix of tenant-owned arrangements alongside rent-to-own and rental income. The presence of an on-site manager overseeing water treatment and testing may be helpful for operators looking to maintain consistent property operations across the units. Please note that the listing materials provided focus on the ownership and rent mix and the described on-site management function.

Key Highlights

• Multi‑family property at 42 Island Rd with 8 tenant‑owned homes
• Generates $381/month per tenant‑owned home
• Includes 1 rent‑to‑own unit and 1 rental unit

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 13135, NY

6,303

Population

2,592

Households

2.4

Avg Household Size

42

Median Age

29%

College-Educated

93%

High-School Grad

32.0 sq mi

ZIP Area

197

Density / Sq Mi

$82,977

Median Household Income

$40,953

Median Earnings

$965

Median Rent

$166,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Income-producing property with tenant-owned homes plus rent-to-own and rental units, supported by an on-site manager.

Where is this apartment building located?

The property is located at 42 Island Rd Phoenix, NY.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: Multi‑family property at 42 Island Rd with 8 tenant‑owned homes; Generates $381/month per tenant‑owned home; Includes 1 rent‑to‑own unit and 1 rental unit