116-118 Carpenter Road

Description

Presenting a rare opportunity to acquire a cash flowing Fourplex rental property. Welcome to 116-118 Carpenter Rd, Hopewell Junction NY. This property is a older Fourplex apartment building that was built in 1919. Each apartment unit has good sized rooms, four cozy one bedroom apartment units. On the first floor you have two apartment units and on the second floor you have the other two units. The basement space has room for storage. There are not a lot of rental properties at all in Hopewell Junction. The building has a front and rear entrance, walkway for off-street parking, and 1 acre of land. The size of this building is 1740sqft. Gross annual income is $65,400, with annual expenses coming to $20,405. There is also additional income possibility with unit renovations, providing greater rent upside. Landlord pays landlord electric (for outside/hallway lights), septic/well maintenance, sanitation, oil heat, lawncare and snowplow. Tenants pay their own electric. This property is also located within an ideal location, close to the Taconic highway and Town of East Fishkill. Interior photos are of one unit, to view other units you need to schedule showing. Serious buyers only, all showings require pre-approval to show. Inquire today!