Current Use by Public Records
- Apartment buildings
Property Details for 2885 State Route 22
- Year built
- 2000
- Lot size
- 1.00 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Washington
- State
- New York
- Longitude
- -73.3785
- Latitude
- 43.0969
