100 Jericho Quad, Suite 235 Jericho, NY 11753 (C) 516.238.4704
Rare opportunity to purchase 6-Family compound comprised of two buildings (back: built in 1940, & Front: 1979) with 6 space car parking lot. Situated in the Village of Mt. Kisco. Family owned since it was built. Well maintained, fully rented with long term tenants, no leases (month/month). These Apts are free market rentals, not rent controlled. Tenants pay for heat & electric. Town water and sewer. Each unit has its own electric & gas meter with circuit breaker boxes in each unit. Walkways have heated snow melt system, no snow removal. Front building has 4, one bdrm units, Back building has 1, two brm & 1 one bdrm. Rents are under market price averaging $1.260 per mo, total gross income $90, 600. Projected income for one bdrms is $1, 700 and 2bdrm $2, 000, total gross income $126, 000. Please ask for & view Investment worksheet for detailed information including cap rate.