Property Details

Overview

Wonderful investment opportunity in the heart of Nyack! Turn key at 8.6% CAP with potential upside! Completely renovated true multi family property consists of the main building with a one bedroom apartment and a studio on the first floor, and 3 bedrooms, kitchen and bath on the second floor. The second floor is a legal rooming house with active licence, currently rented as a 3 bedroom apartment. Full basement for ample tenant storage facility - rare find in downtown Nyack! The second building is a free standing studio apartment with its own storage shed. All tenants have parking on the property. All units have updated bathrooms and kitchens, newer windows and updated lighting. Fabulous cash flow, which can be further improved, should the new owner decide to operate the upstairs as a short term rental (legal according to the CO and active licence from RC Health Department).