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Crouse St Apartments 7 Crouse St

2 Unit Block of Flats £70,421 (£35,210/Unit) 10.50% Net Initial Yield Fort Plain, NY 13339

Investment Highlights

  • Close to I-90
  • Close to Cooperstown
  • Cose to Johnstown

Executive Summary

Seize the opportunity to own a high-yield, income-generating property with long-term tenants in place, delivering an impressive 10.5% cap rate. This solid investment offers immediate net cash flow of $15,000 annually, making it a perfect option for seasoned investors or those just entering the market. The property is well-maintained, with only a chimney repair and minor exterior TLC needed, keeping future maintenance costs low. The roof is in great shape, reducing potential expenses, and with room for cosmetic upgrades, the potential for value appreciation is significant. This turnkey property offers minimal risk, stable rental income, and high ROI potential, making it an ideal addition to your portfolio. Don’t miss out on this rare opportunity to invest in a property that combines stability with growth in an emerging market. Act now to secure a steady flow of income!

Property Facts

Price £70,421
Price Per Unit £35,210
Sale Type Investment
Net Initial Yield 10.50%
Sale Conditions Deferred Maintenance
Gross Rent Multiplier 4.41
No. Units 2
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.07 AC
Building Size 2,400 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1900/2014

Unit Amenities

  • Balcony
  • Cable Ready
  • Heating
  • Ceiling Fans
  • Kitchen
  • Wooden Floors
  • Attic
  • Basement
  • Dining Room
  • Family Room
  • Porch

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 4 £938.94 1,200
  • Listing ID: 33505081

  • Date on Market: 13/10/2024

  • Last Updated:

  • Address: 7 Crouse St, Fort Plain, NY 13339

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