Property profile

148 Clinton St Montgomery, NY 12549

OFF-MARKET
Commercial real estate
Property ID
US63-0212961
8,269 SF 1864 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a substantial multifamily property boasting a strong 8.25% cap rate. The offering encompasses two distinct buildings situated on a generous 1.86-acre lot in the heart of Montgomery's vibrant downtown area. One building comprises six two-bedroom residential units, providing a consistent rental income stream. The second building is a charming, freestanding four-bedroom, one-bathroom single-family home, offering additional income potential or the possibility of owner occupancy. The combined property totals 8,269 square feet, providing ample space for all residents. Convenient off-street parking is available for all tenants, a significant advantage in this desirable location. The property's prime location places it within easy walking distance of Montgomery's finest restaurants and unique boutiques, enhancing its appeal to tenants and maximizing rental income. This is a turnkey investment ready to generate immediate returns, presenting a compelling opportunity for discerning investors seeking a high-yield, well-located property in a thriving community. The asking price is $1,550,000. Don't miss this chance to secure a valuable asset in a sought-after market.

Property profile

Verified
Property type Commercial real estate
Year built 1920
Total area 8,269 SF
Lot 1864 ac (81,195,840 SF)
UPID US63-0212961

Cap rate & NOI

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

Location

148 Clinton St Montgomery, NY 12549
Montgomery metro
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Value estimations

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Owner & transaction history

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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