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13 Eagle Dr 15 Unit Apartment Building $2,876,391 CAD ($191,759 CAD/Unit) 7.75% Cap Rate Painted Post, NY 14870
Investment Highlights
- Investment grade property with additional upside potential. (16) two-bedroom, two-bath apartments with attached garages
- Public Sewer & Water. New roofs & exterior finishes. Central air-conditioning
- Washer/Dryers in most units, hook-ups in all units
- Two Buildings with 8 Units in each building. Situated on +/- 2.5 Acres with room for additional development.
- Most units have been fully renovated to include granite kitchens, stainless appliances, updated bathrooms, new floors, fresh paint, and more.
- 24-Hr Surveillance in the Common Areas & Exteriors. Approved to be sold as condos; HOA would need to be set up.
Executive Summary
Rare opportunity to acquire a larger Multi-Unit residential investment grade property with additional upside potential (16) two-bedroom, two-bath apartments with attached garages situated in two Buildings, New roofs & exterior finishes.
Most units have been fully renovated to include granite kitchens, stainless appliances, updated bathrooms, new floors, fresh paint, and more. Central air-conditioning, Washer/Dryers in most units, 24-Hr Surveillance in the Common Areas & Exteriors.
Units could be sold as condominiums with creation of a HOA. 7.75 % Cap rate
Most units have been fully renovated to include granite kitchens, stainless appliances, updated bathrooms, new floors, fresh paint, and more. Central air-conditioning, Washer/Dryers in most units, 24-Hr Surveillance in the Common Areas & Exteriors.
Units could be sold as condominiums with creation of a HOA. 7.75 % Cap rate
Property Facts
| Price | $2,876,391 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $191,759 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 15,000 SF |
| Cap Rate | 7.75% | No. Stories | 2 |
| No. Units | 15 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 0.87/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,876,391 CAD |
| Price Per Unit | $191,759 CAD |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 15,000 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 0.87/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 15 | - | 1,000 - 1,050 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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13 Eagle Dr
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