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90 Old Quogue Rd 10 Unit Apartment Building $1,954,288 CAD ($195,429 CAD/Unit) 7.76% Cap Rate Riverhead, NY 11901
INVESTMENT HIGHLIGHTS
- 2 Multi Use Adjacent Lots, 2 Houses On One, A House And Auto Repair On The Second Lot.
EXECUTIVE SUMMARY
Unique Investor Opportunity, Two Multi Use Adjacent Lots, Two Houses On One Lot, #94 & #92. One House And An Auto Repair Garage On The Other, #90 & 90A. Square Footage Of Both Lots Total 27,007. Tenants In Place. Currant Rent Roll For 2024 $121,600.00 Which Is Below Market Value. Total Taxes For Both $6362.00 This Is A Real Money Maker. See Attachments For Additional Information. PLEASE DRIVE BY FIRST AND DO NOT DISTURB THE TENANTS. Proof Of Funds Or Financing Must Be Sent Prior To Any Showings. This Is Strictly An "AS IS" Transaction. All Information Deemed Accurate, But Must Be Verified By Agent/Buyer. 2% Peconic Tax Applies. No Home Will Be Delivered Vacant. New Roof on #90 2 Year Roof On 92 & 94.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
- Yard
- Basement
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+3 | 10 | $3,839 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 0900-139-00-03-00-035-000 | Total Assessment | $261,741 CAD (2024) |
| Land Assessment | $61,237 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $200,503 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0900-139-00-03-00-035-000
Land Assessment
$61,237 CAD (2024)
Improvements Assessment
$200,503 CAD (2024)
Total Assessment
$261,741 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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90 Old Quogue Rd
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