82 Millers Corners Rd
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82 Millers Corners Rd
4 Unit Apartment Building $1,004,079 CAD ($251,020 CAD/Unit) 7.25% Cap Rate Averill Park, NY 12018
Investment Highlights
- are Investment Opportunity, high rent demand, well-maintained. Averill Park Schools
- 3.5 acres in prime locale, loads of outdoor spaces
- Private, attractive 4-unit, multi-generational compound
Executive Summary
Rare Investment Opportunity! Private, Attractive 4-unit on nearly 3.5 acres in prime locale! High rent demand + well-maintained. Averill Park Schools. Unit-D: Spacious, 2,700+/- usable sf is tastefully renovated (2024) and ready to rent OR owner occupy! D features 3bd, 3ba, new kitchen, 9 ft island, W/I pantry, soaring ceilings, new LVP FL, carpet + paint throughout, reno baths + laundry room. Unit-A: Updated ('23). Important upgrades abound. New drilled well ('22) New electric panels/meters ('19) Offers a 4-car garage, designated storage units + marked parking atop the private paved drive. Numerous decks, porches + patios, surrounded by views + nature. Could also make a beautiful multi-generational compound! Less than 2 Mi to Burden Lake Golf Course/lake. 8 Mi to I-90 EX 8; 11 Mi to ALBANY. Minutes to Regeneron, Amazon Warehouse, RPI, HVCC, Tech Park, Under 3 hrs to NYC
Unit 1 $1,495 actual rented
Unit 2 $1,075 actual rented
Unit 3 $1,145 actual rented
Unit 4 $2,500 est. vacant
Unit 1 $1,495 actual rented
Unit 2 $1,075 actual rented
Unit 3 $1,145 actual rented
Unit 4 $2,500 est. vacant
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$107,130
|
$23.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,130
|
$23.39
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $107,130 |
| Annual Per SF | $23.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $107,130 |
| Annual Per SF | $23.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $1,004,079 CAD | Property Subtype | Apartment |
| Price Per Unit | $251,020 CAD | Lot Size | 3.38 AC |
| Sale Type | Investment | Building Size | 4,580 SF |
| Cap Rate | 7.25% | No. Stories | 3 |
| Sale Conditions | 1031 Exchange | Year Built | 1979 |
| No. Units | 4 | Parking Ratio | 0.87/1,000 SF |
| Property Type | Multifamily |
| Price | $1,004,079 CAD |
| Price Per Unit | $251,020 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 3.38 AC |
| Building Size | 4,580 SF |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 0.87/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Ceiling Fans
- Views
- Carpet
- Deck
- Porch
- Vinyl Flooring
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PROPERTY TAXES
| Parcel Number | 3089-169-5-6.1 | Improvements Assessment | $320,616 CAD |
| Land Assessment | $31,027 CAD | Total Assessment | $351,643 CAD |
PROPERTY TAXES
Parcel Number
3089-169-5-6.1
Land Assessment
$31,027 CAD
Improvements Assessment
$320,616 CAD
Total Assessment
$351,643 CAD
zoning
| Zoning Code | RR (Residential zoning area) |
| RR (Residential zoning area) |
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Division 1 Realty LLC
82 Millers Corners Rd
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