201 Ludingtonville Rd Holmes, NY 12531
- Commercial real estate
- 10,730 SF
- 8.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Ludingtonville Rd
- Year built
- 1975
- Lot size
- 8.20 lot acres
- Property size
- 10,730 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holmes
- County
- Putnam County
- State
- New York
- Longitude
- -73.6547
- Latitude
- 41.4852
