190 Lower Creek Road, Dryden, NY 14850
- $1,350,000
- 16
- BD
- 10,000
- SqFt
- List Price
- $1,350,000
- Status
- PENDING
- MLS#
- S1682166
- Price Change
- ▼ $250,000 1783631861
- Year Built
- 1980
- Stories
- 1
- Bedrooms
- 16
- Acres
- 2.50
- Living Area
- 10,000
- Region
- Dryden
Property Description
The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.
Additional Information
- Taxes
- $43,887
- Interior Features
- Ceiling Fan(s), Bedroom on Main Level
- Exterior Features
- Blacktop Driveway
- School District
- Dryden
- Elementary School
- Dryden Elementary
- Middle School
- Dryden Middle
- High School
- Dryden High
- Water
- Well
- Sewer
- Other, Septic Tank, See Remarks
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Listing courtesy of Berkshire Hathaway HomeServices Heritage Realty. Contact: 607.227.4219