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6641 NY-52

4 Unit Apartment Building $1,122,339 CAD ($280,585 CAD/Unit) 7.70% Cap Rate Cochecton, NY 12726

Investment Highlights

  • Lake Front Multi Family
  • Off Street Parking
  • Amazing Views

Executive Summary

It's all about the lake! Wow factor extraordinaire! Waterfront multi-unit building on Lake Huntington offers an amazing opportunity for the savvy buyer. Boasting three levels that face the lake with a 2500 SF penthouse apartment that has been newly renovated with an upscale flair. Sweeping lake views welcome you in as you enter an immense great room filled with sunlight. The entire top floor has a light and airy feel attributed to the open plan and enhanced by an entire wall of windows overlooking the lake. The beautiful kitchen with stone waterfall countertop and all new Stainless Steel appliances is a testament to the fact that the owner spared no expense in comfort and style. The great room also features an amazing wet bar and sleek sliding doors to a tastefully tucked away dining room, also taking advantage of the lake vistas. There are 3 bedrooms including a very luxurious primary bedroom en-suite. The other 3 apartments are rented and have decks facing the lake. The lower level underwent a gut renovation 7 years ago and feature hardwood/tiled floors throughout as well as granite countertops with breakfast bars. All units are very well maintained, and all have washer/dryer hook-ups. Walk up attic is a plus! This is an awesome space with windows on each end and would make a fabulous studio, and of course perfect for storage. Across the road there is a three-car garage and driveway that holds 8-11 cars. Excellent opportunity especially for someone who can stay in the penthouse, use the attic for studio and have additional income...and have their expenses paid for. Don't miss out!

Property Facts

Price $1,122,339 CAD
Price Per Unit $280,585 CAD
Sale Type Investment
Cap Rate 7.70%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.31 AC
Building Size 5,621 SF
Average Occupancy 75%
No. Stories 3
Year Built 1930

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Attic
  • Breakfast Nook
  • Built-In Bookshelves
  • Deck
  • Dining Room
  • Double Pane Windows
  • Instant Hot Water
  • Wet Bar

Site Amenities

  • Waterfront
  • Dock
  • Lake Access
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,826 CAD 1,200
1+1 2 $1,545 CAD 750
1+1 3 $1,405 CAD 750
4+2 4 $3,512 CAD 2,500
  • Listing ID: 33127021

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 6641 NY-52, Cochecton, NY 12726

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