1 Parker Drive

Description

Calling all investors! An incredible opportunity to own one of the most well maintained 6-unit buildings in Southern Mahopac, just over the Westchester County border. Surrounded by single-family homes on a quiet, walkable street, this property offers a unique residential feel. A peaceful wraparound porch with individual entrances, along with additional private entrances, gives residents the feeling of having their own space. The building features two 1-bedroom units, three 2-bedroom units, and one 3-bedroom unit (with laundry), with each unit also having its own dedicated storage area in the basement and shed access. All six units are currently occupied—no vacancies. The building is home to amazing, TIDY, long-standing working professionals who have consistently taken GREAT care of their space. Rents have intentionally been maintained at fair rates (some below market-value) in recognition of the cleanliness, reliability, and consistency of these excellent long-term tenants, offering an investor incredible and safe stability at the current NOI ($118,907). With operating expenses under $50,000 annually and current rental income of $166,410, this is a fantastic opportunity for an investor looking for a seamless transition into a well-maintained property with great tenants and no immediate repairs needed.

Property Details

Cooling

Wall/Window Unit(s)

Heating

Electric

Basement

Common, Storage Space

Schools