2885 State Route 22 Cambridge, NY 12816
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.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.