INVESTORS WANTED! Welcome to 13 Wall St, where potential meets already existing cash flow. This property features two 2-bedroom units with a total monthly rent of $1,450. With an asking price as listed, low operating expenses and solid fundamentals, the property produces an estimated NOI of $12,882.50, translating to an impressive ~17.2% cap rate! A classic cash-flow play with room to increase rents over time with some TLC.
Property is available to purchase as a bundle with 15-17 Wall St, MLS#S1674990, at an asking price of $220,000.00. Portfolio Highlights include a combined NOI of $30,500+, portfolio cap rate of ~13.7%, strong tenant history and occupancy, clear value-add potential for future increases and growth all highlight the potential of this portfolio addition.
Description: INVESTORS WANTED! Welcome to 13 Wall St, where potential meets already existing cash flow. This property features two 2-bedroom units with a total monthly rent of $1, 450. With an asking price as listed, low operating expenses and solid fundamentals, the property produces an estimated NOI of $12, 882.50, translating to an impressive ~17.2% cap rate! A classic cash-flow play with room to increase rents over time with some TLC.
Property is available to purchase as a bundle with 15-17 Wall St, MLS#S1674990, at an asking price of $220, 000.00. Portfolio Highlights include a combined NOI of $30, 500+, portfolio cap rate of ~13.7%, strong tenant history and occupancy, clear value-add potential for future increases and growth all highlight the potential of this portfolio addition.
Rent Includes: Other, SeeRemarks
Road Frontage: CityStreet
Roof: Asphalt
StateOrProvince: NY
Stories: 2
Street Name: Wall
Street Number: 13
Street Number Numeric: 13
Street Suffix: Street
Total Taxes: 3117
Assessed Value: 61000
Town: Not Applicable
Utilities: SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1920
YearBuiltDetails: Existing
Amenities and Features
Other Features
Balcony
Basement Y/N 1
GasWaterHeater
Has Heating System
Map
Courtesy Of : Sun Harvest Realty Inc.
315-626-2277
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