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Property profile

12 Railroad Ave Chester, NY 10918

OFF-MARKET
Investment properties
Property ID
US63-0106214
View Sample
3,600 SF 0.06 ac lot Built 1930
Entity Owned 21-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained, fully leased mixed-use property located at 12 Railroad Ave, Chester, NY. The property comprises three distinct units: one commercial storefront and two residential apartments. Each unit benefits from separately metered utilities, simplifying management and maximizing efficiency. All three units are currently occupied by long-term tenants with a proven history of consistent rent payments, ensuring a stable and predictable income stream. The property's turnkey nature minimizes immediate operational demands, making it ideal for investors seeking a hassle-free entry into the real estate market. The building's condition is excellent, reflecting the meticulous care and attention given to its maintenance. This is a rare chance to acquire a profitable, established investment property. Note that this property is being sold in conjunction with an adjacent property (MLS# 6242750), and both must be purchased together. This presents a unique opportunity to acquire a substantial portfolio of income-generating real estate in a desirable location. The combined properties offer significant potential for future appreciation and growth. Detailed financial information and tenant lease agreements are available upon request. This is a truly exceptional opportunity for discerning investors seeking a stable and profitable addition to their portfolio. Don't miss out on this chance to secure a prime investment in the thriving Chester, NY market.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Total area 3,600 SF
Lot 0.06 ac (2,800 SF)
Zoning code B1
APN 332201 102-1-32
UPID US63-0106214

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

Zoning & alternative use

B1 · Chester, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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