38 S Franklin ST, Nyack, NY 10960
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$1,300,000
Est. payment /mo
3,920 Sqft Lot
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Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 989386

Rental Info No

Year Built 1900

Annual Tax Amount $21,000

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Multi Family

Source onekey2

Property Description

Atantion investers ! This outstanding investment opportunity in the heart of Nyack's downtown includes two buildings in one deal. The first building consists of a storefront with a 3-bedroom apartment above it, while the second building offers a spacious 2-bedroom apartments and a 3 bedroom apartment on the 2nd floor . In total, you have four income-generating units at your disposal, as well as an unfinished basement. Currently, the properties generate a monthly rent roll of $10,800 but with rental rates below market prices, you can easily increase it to $13,000. and bring it to a 9.5 cap and this projection doesn't even take into account any potential improvements to the basement. Don't miss this promising investment right in the heart of Nyack's bustling downtown

Location

State NY

County Rockland County

Rooms

Basement Full

Interior

Heating Baseboard, Heat Pump, Natural Gas

Cooling Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Appliance Electric Water Heater

Exterior

Parking Features Attached

Utilities Available Natural Gas Available

Total Parking Spaces 2

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

Structure Type Frame

Others

Special Listing Condition None


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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by eRealty Advisors, Inc • Yoel Goralnik

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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