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$1,586,000

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3764 Wood ST Jefferson Valley, NY 10535

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Kyle Stafirny

Blue Island Homes NY

kstafirny@altamit.net +1(888) 377-2582

Open House

Sat Dec 13, 12:00pm - 2:00pm

Sun Dec 14, 1:00pm - 3:00pm

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 928947

Rental Info No

Year Built 1973

Annual Tax Amount $32,600

Property Sub-Type Multi Family

Source onekey2

Property Description

This exceptional investment opportunity features a mix of residential and commercial properties, ideal for income generation and future development. The is 3 properties on 1 lot .1) 3764 Wood Street, House was totally renovated 2022- 2023, portfolio includes a three-bedroom/ three-bath, laundry private parking and amazing scenery of the Oceola rent $3175 per month tenant pays all utilities. Lower level is 1-BD Apartment, rent $2000 per month, Tenant pays all Utilities with its own amenities 2) 412 E Main Street, Property 1-BD cottage house, $1600 per month, Tenant pays all utilities with its own amenities, has basement with utilities and washer/dryer for all 4 -tenants. 3) 406 E Main street, Additionally, a bar/restaurant, currently non-operational, Owner did clean up fix siding, put retaining wall on the side of the Bar/restaurant and fix the parking lot, presents a chance for significant value enhancement. Above the bar, there are two residential units, 2BD $2500 PER MONTH, 1BD $1800, Bar /Restaurant is vacant now, market value rent $6500, The property offers ample land with parking for 10-15 cars near the bar/restaurant and additional spaces for the duplex, enhancing accessibility for customers. Located near Osceola Lake, this portfolio benefits from recreational appeal, making it attractive. With existing leases in place, the investment boasts strong income potential a cap rate now of 5.9 %, this doesn't include the Bar/Restaurant,$6500 Estimated income per month. Also includes adjacent property at 3764 Wood St Tax ID 55540000601700010710000000 Additional Information: Heating Fuel: Oil Above Ground,

Location

State NY

County Westchester County

Rooms

Basement Storage Space

Interior

Heating Oil, Propane, Hot Water

Cooling Central Air

Fireplace No

Appliance Electric Water Heater, Oil Water Heater

Exterior

Parking Features Assigned, Driveway, Off Street, Parking Lot, Private

Utilities Available Electricity Available

Total Parking Spaces 20

Building

Story 1

Sewer Septic Tank

Water Public

Structure Type Frame

Schools

Elementary Schools Thomas Jefferson Elementary School

Middle Schools Lakeland-Copper Beech Middle Sch

High Schools Lakeland

School District Lakeland

Others

Special Listing Condition None

Listed by Howard Hanna Rand Realty • Drita V. Shala

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Jennie Katz

Agent

+1(516) 319-0505