Property Description

Presenting an exceptional opportunity to acquire a well maintained and strong cash flowing Fourplex rental property. Welcome to 223 Vineyard Ave, Highland NY! This property is a Fourplex apartment building that was built in 1991. Each apartment unit has three large sized floors. On the first floor of each unit, you have a large kitchen, dining room, half bath, and living room. On the second floor, you have two large bedrooms with a well sized bathroom. The basement space consists of a large space for storage and provides washer and dryer hook up. There are not a lot of rental properties like this one in the Hudson Valley, each unit has their own front and rear entrance, walkway, and parking for tenants. This property also provides a beautiful nature scenery of woods and hills that encompass Hudson Valley! The size of this building is 7200sqft, so each tenant has a large sized unit to call their home. Gross annual income is $93,540, with annual expenses coming to $28,064.64!! There is also additional income possibility with rent upside (that could bring rental income to $110k annual)!! Landlord pays landlord electric (for outside lights), water/sewer bill (which could easily be passed on to the tenants), sanitation, lawncare and snowplow. Tenants pay their own electric and oil heat. This property is also located within an ideal location, close to the Hamlet of Highland. Interior photos are of one unit, to view other units you need to schedule showing. Serious buyers only, all showings require pre-approval to show.

Property Features

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