7617 US-9, Elizabethtown, NY 12932
$289,900 — 7617 US-9, Elizabethtown, NY 12932, Elizabethtown, NY. View with Let's Move Realty NY — call (518) 637-3492.
This six-unit apartment building is an attractive income-producing investment opportunity with a diverse unit mix consisting of two one-bedroom apartments, two two-bedroom apartments, one three-bedroom apartment, and one spacious four-bedroom apartment--a total of 13 bedrooms.
At full occupancy the rent roll generates $4,550 per month and $54,600 in annual gross rental income. All leases are month-to-month, giving a new owner flexibility in future property management. Tenants are responsible for their own heat and hot water, helping limit owner-paid utility expenses.
Potential for future income growth based on market conditions. With an established rental history, varied apartment sizes, and tenant-paid utilities, the property offers a solid foundation for an investor seeking a multi-unit income property.