106 Main St Boonville, NY 13309

This exceptional mixed-use property, located at 106 Main St, Boonville, NY 13309, presents a compelling investment opportunity. The 1812-built, three-story building underwent a complete renovation in 2021, encompassing new plumbing, electrical systems, HVAC, and roofing. Spanning 18,125 square feet on a 169,884 square foot lot, the property boasts 19 units: 10 studios and 7 one-bedroom apartments, along with two commercial spaces and a brewery. The potential exists to add 5 more residential units. Currently operating at 90% occupancy with 18 tenants, the property generates a substantial Net Operating Income (NOI) of $235,275, representing an 11.20% cap rate. The asking price is $2,100,000, or $110,526.32 per unit and $11.59 per square foot. Individual electric meters are installed, and amenities include a laundry room, fitness center, and building-wide Wi-Fi. Residential units feature kitchenettes, with the landlord covering utilities. Commercial tenants are responsible for their own utilities. The property is zoned C2 and offers a blend of historic character and modern upgrades, making it an attractive and profitable investment. This turnkey property is situated in a prime Boonville location with a proven rental history.