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1256 North Ave 23 Unit Apartment Building $4,165,446 CAD ($181,106 CAD/Unit) 9% Cap Rate Beacon, NY 12508
Investment Highlights
- Heavy Day time Traffic
- great layout for renters
- Lots of natural light
Executive Summary
Excellent income-producing multifamily opportunity in Beacon with strong cash-flow potential and significant upside. This property offers investors the opportunity to acquire an income-producing asset and further increase returns through strategic renovations, improved rents, and professional management.
Property Facts
| Price | $4,165,446 CAD | Building Class | C |
| Price Per Unit | $181,106 CAD | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 7,000 SF |
| Cap Rate | 9% | Average Occupancy | 98% |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| No. Units | 23 | Year Built | 2022 |
| Property Type | Multifamily | Parking Ratio | 4.29/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R1-7.5 - Residential Income: | ||
| Price | $4,165,446 CAD |
| Price Per Unit | $181,106 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Sale Condition | Redevelopment Project |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 4.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R1-7.5 - Residential Income: |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Oven
- Sprinkler System
- Yard
- Basement
- Lawn
- Office
- Patio
- Porch
- Smoke Free
Site Amenities
- 24 Hour Access
- Wi-Fi
- Bicycle Storage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 130200-5955-75-850183-0000 | Improvements Assessment | $1,342,122 CAD |
| Land Assessment | $41,724 CAD | Total Assessment | $1,383,846 CAD |
Property Taxes
Parcel Number
130200-5955-75-850183-0000
Land Assessment
$41,724 CAD
Improvements Assessment
$1,342,122 CAD
Total Assessment
$1,383,846 CAD
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Presented by
3D Real East Management
1256 North Ave
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