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1255 Lucas Avenue, Rosendale
Great 4 unit investment property with a 9.57% cap rate at asking price. Property consists of a solid 3-family home, detached 2 bedroom mobile home and a detached 2 car garage. The home and trailer are set off the road on a sprawling 2 acre parcel great for owner use or land for tenants to enjoy. First floor 3 bedroom apartment has been recently vacated, we are leaving that unit vacant to make showings easier, owner will rent the unit prior to closing if a buyer requests. 9.57% cap rate at asking price includes all expenses, $1,200 lawn/snow expense, 3% vacancy rate and a 3% repair and maintenance expense. Owner pays the heat and hot water for the 3-family home (oil boiler) tenants pay the electric, mobile home tenant pays all their own expenses. There are two wells and two septic system on the property, one for the 3-family and one for the mobile home. 3-family has a newer concrete septic tank and a new septic line going from the house to the tank. The mobile home has a newer plastic septic tank. Roof on the 3-family is about 4-5 years old, architectural 30 year shingle. First showing we can only see the vacant 3 bedroom unit, utility room for the 3-family, 2 car detached garage and all the grounds. Second showing we can see all the other occupied units.
- MLS® #20184976
- Year Built1969
- Sub-Type4 Family
- StyleTWO STORY
- AmenitiesGARDEN AREA, PLAY AREA
- ParkingDRIVEWAY, OFF STREET, 3 CAR +
- # of Garages2
- GaragesGarage Detached
- Exterior FeaturesLANDSCAPED
- Lot DescriptionLEVEL, LANDSCAPED, SLOPE-GENTLY
- RoofASPH SHINGLE, MEMBRANE
- Address1255 Lucas Avenue
- Zip Code12472
- Interior FeaturesSMOKE DETECTOR, CARBON MONIXIDE DETECTOR, STORM WINDOWS, INSULATED DOORS, INSULATED LOW E WINDOWS
- AppliancesRANGE, REFRIGERATOR
- HeatingBASEBOARD, HOT WATER, FORCED AIR
- CoolingCEILING FAN
- Listing AgentGregory Berardi
- Listing OfficeWin Morrison Realty
Price Change History for 1255 Lucas Avenue, Rosendale, NY (MLS® #20184976)
|Price Reduced||$279,900||$5,100 (1.79%)|
|Price Reduced (from $295,000)||$285,000||$10,000 (3.39%)|
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