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MULTI_FAMILY - Cairo, NY
A 4 Unit Multi-Family in the Heart of Cairo on a Corner Lot with a Garage! The multi-unit building has 2 floors, a full basement - currently used for storage, & separate utilities. There are 4 propane heating systems, 4 propane hot water heaters, & 5 electric services/meters: 4 meters for the tenants & 1 landlord meter. The first floor has 2 apartments: one with a separate side entrance with a front covered porch and the other apartment is in the main entrance of the building. The side apartment with the front covered porch has 2 bedrooms, 2 baths, a living room, a kitchen, and an area for storage. This apartment is currently vacant and could be rented for 1,500 to 1,600. The other 1st floor apartment has 1 bedroom, 1 bath, a living room, and a kitchen. It's currently rented month-to-month for 650 which is under market value. It could be rented for 900 to 1,000. On the 2nd floor, the lef...
A 4 Unit Multi-Family in the Heart of Cairo on a Corner Lot with a Garage! The multi-unit building has 2 floors, a full basement - currently used for storage, & separate utilities. There are 4 propane heating systems, 4 propane hot water heaters, & 5 electric services/meters: 4 meters for the tenants & 1 landlord meter. The first floor has 2 apartments: one with a separate side entrance with a front covered porch and the other apartment is in the main entrance of the building. The side apartment with the front covered porch has 2 bedrooms, 2 baths, a living room, a kitchen, and an area for storage. This apartment is currently vacant and could be rented for 1,500 to 1,600. The other 1st floor apartment has 1 bedroom, 1 bath, a living room, and a kitchen. It's currently rented month-to-month for 650 which is under market value. It could be rented for 900 to 1,000. On the 2nd floor, the left side apartment has 1 bedroom, 1 bath, a living room, and a kitchen. It's currently leased for 750 which is under market value. It could be rented for 900 to 1,000. The right side 2nd floor apartment has 1 bedroom, 1 bath, a living room, and a kitchen. It's currently rented month-to-month for 900. The annual rent roll for 3 occupied apartments is currently 27,600. The potential annual rent roll with 4 occupied apartments and raising the rents to current market standards is 50,400 or more. This multi-family is a great investment opportunity. Add another apartment to the basement or make storage units. The grounds offer yard space, a driveway, a parking area, and a garage. The property is in the heart of Cairo and within walking distance to cafes, bakeries, eateries, the Cairo Public Library, Angelo Canna Town Park, & more. The property has great proximity to the area's destinations & attractions as it's 20 minutes to Windham Ski Mountain, 15 minutes to Zoom Flume Water Park, 15 minutes to Green Lake, 30 minutes to Hunter Ski Mountain, 20 minutes to Dutchman's Landing Park & the Hudson River. View our 3D virtual tours of the home & property, our floor plans, & our multi-media website.
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