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Property profile & analytics
OFF-MARKET
Apartment buildings

2885 State Route 22 Cambridge, NY 12816

3,384 SF 1 ac lot Built 2000
Property ID
Property summary
AI-generated overview

This exceptional two-story apartment building, located at 2885 State Route 22 in Cambridge, New York, presents a compelling investment opportunity. Built in 2000, the property boasts a total of 3,384 square feet situated on a one-acre lot. The building comprises three residential units, offering ample living space for tenants, and twelve convenient storage units. Residents and guests benefit from the generous off-street parking available on the property. This well-maintained property has undergone significant recent upgrades, most notably a brand-new roof installed in 2023, ensuring long-term value and minimizing immediate maintenance concerns. The property's location in Cambridge, Washington County, New York, zip code 12816, offers easy access to local amenities and services. The asking price is $382,000. Note that this property can be purchased in conjunction with another property located at 46/48 E. Main St, Cambridge, NY (sold separately). This presents a unique opportunity for investors seeking to expand their portfolio or for owner-occupants looking for a strong return on investment. The property's strong rental income potential, coupled with its recent upgrades, makes it an attractive proposition in the current market.

Property profile
Verified
Property type Apartment buildings
Year built 2000
Total area 3,384 SF
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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