5635 Ny-82Clinton Corners, NY 12514

This exceptional multifamily investment opportunity presents a three-building, five-unit apartment complex situated on a 1.86-acre lot in the desirable Clinton Corners, NY area. The property, located at 5635 Route 82, boasts a total of 5,272 square feet of net rentable space, with each unit commanding a price point of $159,000. Originally constructed in 1900 and extensively renovated in 2016, this property offers a blend of historical charm and modern updates. The two-story buildings provide ample living space, and the property includes a separate two-bedroom cottage. Annual operating expenses total $25,440, encompassing $7,848 for fuel oil heating and $4,500 for electricity. The property generates a substantial net operating income (NOI) of $64,588, resulting in a 9.00% cap rate based on the asking price of $795,000. This translates to a strong annual income, making it an attractive investment prospect for discerning buyers seeking a profitable and well-maintained multifamily property in a picturesque setting. The property features ample parking and is conveniently located in Dutchess County, NY, with the address officially listed as 5635 NY-82, zip code 12514. The property's APN is 135200-6667-00-524304-0000.