For developers and investors: A beautiful 10-unit, 3-story brick building at a great location in Amsterdam, NY. Close to an exit of Highway 5; ideal for long-term or short-term lease. It needs a complete renovation, but a full set of architectural drawings is available with the sales. The plan includes two 4-bedroom units, six 2--bedroom units, and two 1-bedroom units in the building. The current owner has other business to run and is sorry to let go this development opportunity. Rough estimate/forecast: Total Construction Cost: $200k - $250k Annual Gross Income of 10 Units? Rental: $90k Cap Rate: 15% or higher
Off market
$372,300
38 Division St, Amsterdam, NY 12010
22beds
6,816sqft
MultiFamily
Built in ----
-- sqft lot
$372,300 Zestimate®
$55/sqft
$1,177 Estimated rent