42
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$5,600,000
Est. payment /mo
Pending
57-58 Highland AVE Cornwall, NY 12518
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1040067
Rental Info No
Year Built 1960
Annual Tax Amount $113,456
Property Sub-Type Multi Family
Source onekey2
Property Description
Here's an opportunity to own a substantial 8-building residential portfolio with a total of 33 units, offering scale, established income, and meaningful upside potential. Many of the units have been updated within the past 10 years, creating a solid foundation for an investor looking to acquire a property with improvements already in place. With multiple buildings and a diverse mix of units, this property offers the advantages of scale while providing multiple income streams under one ownership. Perhaps the most exciting aspect is the income upside. Current rents provide an established revenue base, while the opportunity to increase rents and continue maximizing the property's potential could create additional value over time. For an investor looking beyond today's numbers and focused on future growth, this is a property worth exploring. With 33 residential units across 8 buildings, with water/sewer and tenant paid utilities, this portfolio presents an opportunity to expand an existing investment portfolio or make a significant move into multifamily ownership. Strong fundamentals, improvements already made, multiple income streams, and room to increase revenue, this is an investment opportunity with both stability and potential. Come take a closer look and discover what this portfolio could mean for your next investment.
Location
State NY
County Orange County
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features Garage, Off Street, On Street
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Shake Siding
Schools
Elementary Schools Willow Avenue Elementary School
Middle Schools Cornwall Middle School
High Schools Cornwall
School District Cornwall
Others
Special Listing Condition None
Listed by Century 21 Alliance Rlty Group • Anthony DeGelormo
Nearby Locations
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