260-262 Route 9 Fishkill, NY 12524
- Apartment buildings
- 3,500 SF
- 1.70 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 260-262 Route 9
- Year built
- 1930
- Lot size
- 1.70 lot acres
- Property size
- 3,500 SF
- Property type
- Apartment buildings
Description
This well-maintained four-unit apartment building in Fishkill, NY, presents a lucrative investment opportunity. Located at 260-262 Route 9, this 3,500 square foot property sits on a 1.7-acre lot and boasts a strong 90% occupancy rate. Built in 1930 and extensively renovated in 2008, the building offers eight parking spaces and features a new septic system and a roof that's approximately 15 years old. Municipal water is available. The property generates a substantial net operating income (NOI) of $59,604, resulting in a compelling 9.17% cap rate. Each unit is priced at $162,500, with an overall asking price of $650,000 ($185.71 per square foot). There is potential for additional income; two garages could generate an estimated $600 per month in rental income. The property is available for viewing on June 15th between 12:00 PM and 3:00 PM. This is a cash-flowing multifamily investment ideal for discerning buyers.
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
- Fishkill
- County
- Dutchess
- State
- New York
- Longitude
- -73.8972
- Latitude
- 41.5072
