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    OFF-MARKET
    Commercial real estate

    42855 State Route 28, Arkville, NY 12406

    7,000 SF 2.5 ac lot Built 1920
    Property ID
    US63-4442899
    Property summary
    AI-generated overview

    This exceptional investment opportunity in Arkville, NY, presents a unique portfolio of ten rental apartments spread across five distinct buildings situated on a sprawling 2.5-acre lot. The property boasts a diverse range of units, catering to various needs and preferences. A charming Victorian two-family home features two identical units, each with two bedrooms, one bath, a spacious living room, eat-in kitchen, and in-unit laundry. A second two-family home, also known as the Long House, offers a two-bedroom, one-bath unit on the first floor and a one-bedroom, one-bath unit upstairs. A cozy cottage provides a single-bedroom, one-bath unit with a living room, kitchen, and den. A large Victorian house comprises three additional units: a studio apartment, a two-bedroom unit on the second floor, and a one-bedroom unit on the third floor. Each unit in the Victorian house includes a full bath and eat-in kitchen. Finally, a three-bedroom, one-bath golf course house completes the offering, featuring a galley kitchen, open living room with fireplace, and a deck. All units are currently rented, with tenants responsible for all utilities, including heat and hot water. The property utilizes well water, eliminating water bills. The grounds are meticulously maintained, featuring private roads and ample common areas and gardens. Owner financing is available with a substantial down payment. This property presents a compelling investment opportunity, and the possibility of purchasing it as a package with other listed properties (MLS 6272238, 6272425, & 6272262) is also available. The total square footage of all buildings is 7,000 square feet.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    Total area 7,000 SF
    Lot 2.5 ac (108,900 SF)
    UPID US63-4442899
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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