21-33 N 4th Ave
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21-33 N 4th Ave
10 Unit Block of Flats £367,673 (£36,767/Unit) 13.22% Net Initial Yield Ilion, NY 13357
Investment Highlights
- large off-street rear parking lot
- convenient location
Executive Summary
Introducing an excellent investment opportunity at 21-33 North Fourth Ave, Ilion, NY – a meticulously maintained 10-unit property. The property includes a 10, 800 sq ft 2 bedroom, 1 bathroom apartments with an oversized, paved lot with rear, private off-road parking, making it an attractive choice for renters. Building is connected to municipal power making gas and electric costs affordable. Conveniently located, this investment property promises both comfort and convenience. Don't miss the chance to add this high-performing 10-unit property to your portfolio. Schedule a viewing today to explore the potential of 21-33 North Fourth Ave as a lucrative investment.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£75,115
|
£8.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£75,115
|
£8.21
|
| Taxes |
£7,815
|
£0.85
|
| Operating Expenses |
£18,701
|
£2.04
|
| Total Expenses |
£26,516
|
£2.90
|
| Net Operating Income |
£48,600
|
£5.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £75,115 |
| Annual Per SF | £8.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £75,115 |
| Annual Per SF | £8.21 |
| Taxes | |
|---|---|
| Annual | £7,815 |
| Annual Per SF | £0.85 |
| Operating Expenses | |
|---|---|
| Annual | £18,701 |
| Annual Per SF | £2.04 |
| Total Expenses | |
|---|---|
| Annual | £26,516 |
| Annual Per SF | £2.90 |
| Net Operating Income | |
|---|---|
| Annual | £48,600 |
| Annual Per SF | £5.31 |
Property Facts
| Price | £367,673 | Apartment Style | Townhome |
| Price Per Unit | £36,767 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Net Initial Yield | 13.22% | Building Size | 9,152 SF |
| Gross Rent Multiplier | 5.21 | Average Occupancy | 80% |
| No. Units | 10 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1960/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.4/1,000 SF |
| Price | £367,673 |
| Price Per Unit | £36,767 |
| Sale Type | Investment |
| Net Initial Yield | 13.22% |
| Gross Rent Multiplier | 5.21 |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 9,152 SF |
| Average Occupancy | 80% |
| Number of Floors | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 2.4/1,000 SF |
Unit Amenities
- Cable Ready
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Dining Room
- Lawn
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 10 | £625.96 | 848 |
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PROPERTY TAXES
| Parcel Number | 212801-119-044-0001-022-000-0000 | Total Assessment | £129,104 (2023) |
| Land Assessment | £9,546 (2023) | Annual Taxes | £7,815 (£0.85/sf) |
| Improvements Assessment | £119,558 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
212801-119-044-0001-022-000-0000
Land Assessment
£9,546 (2023)
Improvements Assessment
£119,558 (2023)
Total Assessment
£129,104 (2023)
Annual Taxes
£7,815 (£0.85/sf)
Tax Year
2024
zoning
| Zoning Code | R6 (Multi-Family) |
| R6 (Multi-Family) |
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21-33 N 4th Ave
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