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Property view

1 Pleasant Avenue, 
Walden, NY 12586

$476,000

6

Beds

4

Baths

3,850

Sq Ft

Multi-Family

Sold

Listed by

Maria Iaralova

Bought with Exp Realty

eXp Realty

MLS#

H6284893

Source:

One Key MLS

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About This Home

1 Pleasant Avenue

Please submit your Highest and Best offers by Monday, January 22 at 2 pm. Welcome to an incredible investment opportunity! This property boasts 4 rental units and combines both great potential and immediate returns. The first unit was intentionally left vacant for a future owner-occupant. Currently, 3 units are occupied by reliable tenants under lease agreements, ensuring a consistent cash flow. Rents are: unit 2 (1bd) $1350, unit 3 (1bd) $1025, unit 4 (1bd) $1450. Unit 1 (3bd) is vacant. The last rent for unit 1 was $1650 (in 2023). Gros income: $65,700, Net income: $43,627 and an impressive CAP rate of 10%. Sold "As is" For investors with an eye for future growth, there's significant upside potential. By strategically adjusting rental rates or completely renovating the first unit, the investor could further enhance the property's financial performance and potentially increase their cap rate.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1950

Price Summary

450,000

$116 per Sq. Ft.

MLS #:

H6284893

Sold:

March 19, 2024

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,850 Sq. Ft.

Structure

Structure

Architectural Style:

Colonial

Building Area:

3,850 Sq. Ft.

Year Built:

1950

Lot

Lot Size (Sq. Ft):

6,560

Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$116 per Sq. Ft.

Source:One Key MLS
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