5 Edward St, Malone, NY 12953

This two-unit apartment building in Malone, New York, presents a compelling investment opportunity. Located at 5 Edward St, this stabilized Class B property boasts a substantial 22.04% capitalization rate and a strong net operating income (NOI) of $15,205. The building, constructed in 1880 and extensively renovated in 2021, offers 980 square feet of net rentable space, spread across two stories. Each of the two units currently commands a monthly rent of $1195, resulting in 100% occupancy. The property sits on a 0.03-acre lot and is offered at an asking price of $69,000, or $34,500 per unit. This turnkey investment is ideal for those seeking immediate cash flow and a high return on investment. The property's history of consistent occupancy, thanks to its location near a local hospital and its utilization of contract nurses, demonstrates its strong rental potential. The seller's motivation for a quick sale contributes to the attractive pricing and high cap rate. This is a rare opportunity to acquire a well-maintained, income-producing property in a stable market. All information is believed to be accurate but should be independently verified.