10 Britman RdMongaup Valley, NY 12762

For Sale
$695,000

Mongaup Valley, NY multifamily complex

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Mongaup Valley, NY, presents a lucrative investment opportunity. Located on a highly visible corner lot (1 acre) at 10 Britman Rd, this 6,000 square foot complex boasts two buildings, each two stories high, built in 1988 and extensively renovated in 2021. The property features six rentable units: a three-bedroom apartment, a two-bedroom apartment, a large one-bedroom, a smaller one-bedroom, a studio apartment, and a separate commercial space. The duplex unit alone offers a two-bedroom and a three-bedroom apartment. The commercial space, previously used as a car lot office, offers versatile potential. The property's strong rental income potential is evident, with units projected to generate $1500+ per month each, and the commercial space at least $300 per month. The asking price is $695,000, representing $115.83 per square foot and $139,000 per unit. The property is offered fee simple with an APN of 2000-038-0-0001-005-009. Owner financing is available with 30% down and a 6% interest-only monthly payment on the balance (70% LTV). This is a turnkey investment with immediate income potential and significant upside. The property's strategic highway location ensures high visibility and accessibility.

Highlights

  • Mixed-use property in Mongaup Valley, NY, on a 1-acre corner lot at 10 Britman Rd.
  • 6,000 sq ft complex with two 2-story buildings, built in 1988, renovated in 2021.
  • Six rentable units: three-bedroom, two-bedroom, large one-bedroom, small one-bedroom, studio apartment, and commercial space.
  • Strong rental income potential; units projected at $1500+/month, commercial space at $300+/month.
  • Asking price: $695,000 ($115.83/sq ft, $139,000/unit); Owner financing available (30% down, 6% interest-only).

Property Details for 10 Britman Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
6,000 SF
Year Built/Renovated
1988/2021
Buildings
2
Stories
2
Lot Size (sq. ft)
43,560 SF
Units
5

Location Insight

City
Mongaup Valley
County
Sullivan
State
New York
Latitude
41.6748332
Longitude
-74.8054972
10 Britman Rd, Mongaup Valley, New York

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10 Britman Rd
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