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APARTMENT - Ilion, NY
Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6 1/2 years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookup, as well as a furnace, central air conditioning, electrical meter, and panel box. Tenants are responsible for their own gas and electric usage. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (12 of 14) feature front and back porches, offering added tenant ...
Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6 1/2 years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookup, as well as a furnace, central air conditioning, electrical meter, and panel box. Tenants are responsible for their own gas and electric usage. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (12 of 14) feature front and back porches, offering added tenant appeal. There is ample parking available for both renters and visitors, ensuring convenience and ease of access. There is additional land for future expansion to build additional units.
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