Multifamily Residential Income
For Sale
$465,000
42 Island Rd, Phoenix, NY 13135
Income-producing property with tenant-owned homes plus rent-to-own and rental units, supported by an on-site manager.
Property Size1 SF
Days on Market143
Property Features for 42 Island Rd
General Information
Standard status
Active
Size
1 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
10
Building Details
Building Size
1 SF
Tenancy
Multi
Listed By:
Steve Tomaso
(518) 379-0652
Source:
Ireinvestment
Added: Jun 3
Changed: Oct 3
Last Checked: Oct 23 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Tomaso
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Investment Insights
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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.
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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $465,000.
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
