Description
Exceptional opportunity to own a meticulously maintained, fully-occupied multi-use property in the heart of the Village of Washingtonville. This solid investment asset features 10 residential apartments and 2 street-level retail storefronts, all with stable long-term tenants and a history of consistent income. Owned by the same family for over 40 years, this property has been cared for with pride and attention to detailtruly their "baby." There is no deferred maintenance, ensuring peace of mind and low operational headaches for the next owner. Current income delivers a strong 7+% cap rate, with realistic upside potential to reach 8%+ through modest rent adjustments and enhanced retail lease terms. Whether you're a seasoned investor or entering the multifamily space, this is a rare, turnkey asset in a desirable and growing Hudson Valley community.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
Description
Exceptional opportunity to own a meticulously maintained, fully-occupied multi-use property in the heart of the Village of Washingtonville. This solid investment asset features 10 residential apartments and 2 street-level retail storefronts, all with stable long-term tenants and a history of consistent income. Owned by the same family for over 40 years, this property has been cared for with pride and attention to detailtruly their "baby." There is no deferred maintenance, ensuring peace of mind and low operational headaches for the next owner. Current income delivers a strong 7+% cap rate, with realistic upside potential to reach 8%+ through modest rent adjustments and enhanced retail lease terms. Whether you're a seasoned investor or entering the multifamily space, this is a rare, turnkey asset in a desirable and growing Hudson Valley community.
© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2025-07-19T16:19:51.32.