8013 State Route 13 Blossvale, NY 13308
This exceptional investment opportunity presents a 7-unit apartment complex situated on a sprawling 21.21-acre lot in Blossvale, NY. The property boasts 4,162 square feet of living space currently divided into seven income-generating apartments, all of which are currently leased. The potential for increased revenue exists with the possibility of restoring an additional apartment unit within the existing structure. The property's expansive acreage offers significant development potential, allowing for subdivision or further expansion. The land itself is visually appealing, featuring mature apple trees and picturesque views, making it ideal for recreational pursuits, including hunting. The main dwelling was thoughtfully converted into apartments, with subsequent additions increasing the unit count. A former garage has also been successfully converted into additional living space. This property is exceptionally well-suited for owner-occupancy or as a lucrative investment, offering a blend of immediate income and future growth potential. The property's location at 8013 State Route 13 provides convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a substantial multi-family property with significant upside in a desirable rural setting. The property is listed under MLS#S1585331. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.