931 Division Street N
Peekskill, New York 10566, United States

MLS#: H6335012

$1,150,000 USD

Bedrooms
10
Bathrooms
8
The details

Property features

Date Updated: Jan 3, 2025

Key features

parking lot
Private

Construction details

Year built
1965

Other features

Property features
Basement
Driveway

Area

Land/Lot size
1,376m² (14,810ft²)
Bedrooms
10
Bathrooms
8
Total rooms
18
Heating system
Natural Gas
Forced Air

School information

High School
Peekskill High School
High School District
Peekskill
Middle School
Peekskill Middle School

Description

Discover a prime investment opportunity in Peekskill, offering incredible upside potential along with a possible property subdivision for additional future income. Proforma P&L shows a 6.99% cap rate. Well maintained property with hardwood floors (as seen), four separate heating units and hot water heaters. All utilities paid directly by tenants with the exception of water. Each unit features spacious layouts and outdoor space. All units currently rented on a month-to-month basis at below market rates. Off street parking for tenants located at back portion of property on Kossuth Place. Peekskill boasts a vibrant downtown with shops, restaurants and cultural attractions. All this within minutes to local parks, Metro North, Peekskill’s vibrant Riverfront Green Park, Water Front Trail, Boat Launch, Peekskill Yacht Club, Restaurants, and short drive to downtown Peekskill Art Galleries, Paramount Theater, Stores, Restaurants and Coffee Shops. Don’t miss out on this excellent investment opportunity!

Location

931 Division Street N, Peekskill, New York 10566, United States
map image
Courtesy of Annemarie Credentino BHHS River Towns Real Estate

Listing Contact: 914-271-3300