7 Maiden, Ellenville, NY

Excellent Investment!!!! Cap Rate 8.6% with current rents below market value! Conveniently located in middle of village within walking distance to school, shopping and restaurants. Large duplex apartments that have been well maintained and are fully rented. Each apartment has its own basement with washer/dryer hook up and separate furnace room. Kitchen, Living room and half bath located on 1st floor, bedroom(s) and full bath located on second floor. Black top driveway with plenty of parking spaces, large backyard that tenants can use for children's play area, BBQ, etc. Tenants pay all utilities (heat, electric) there are 6 separate water meters for each apartment. Owner pays - taxes, insurance, garbage, lawn maintenance and snow plowing/removal. Currently owner pays for water for 3 tenants up to $250/quarter each.