Rare 6-Unit Income Property - 10% Cap in Highland, NY ( HOLD.. you don't need a commercial mortgage; you can do a simple multi-family mortgage. Call me will explain how)Looking for stability and high yield? This property offers a perfect blend of high returns and low management stress. This 6-unit building operates at a 10% cap rate with a proven history of zero vacancy. Enjoy the benefits of a "hands-off" utility structure where tenants cover their own costs, significantly reducing owner expenses.The property offers excellent parking for residents and is home to high-quality tenants who take pride in their community. Whether you are looking to 1031 exchange or start a high-yield portfolio, this turnkey asset is ready to perform from day 1
| MLS # | 987729 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1890 |
| Days On Site | 147 |
| Listing Provided By | MS Realty Group USA, Inc | Moses Zwiebel |
| SQ Feet | 3,504 |
|---|---|
| Basement | Y |
| Units | 6 |
| Building(s) | 1 |
| Zoning | CB |
| Acreage | 0.36 |
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Other |
|---|---|
| Foundation Details | Other |
| Lot Features | Back Yard |
| Parking Features | Parking Lot, Private |
|---|
| Utilities | Natural Gas Available |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 359400 |
| Tax Annual Amount | 13980 |
| State | NY |
|---|---|
| County | Ulster County |
| City | Highland |
| Zip Code | 12528 |
| Listing VS Median (in 12528) | |
Price: $798,000 low | high Med: $455,000 sqft: 3,504 low | high Med: 1,453 $ / sqft: $228 low | high Med: $314 On site: 147 low | high Med: 117.5 | |
| State | NY |
|---|---|
| County | Ulster County |
| City | Highland |
| Zip Code | 12528 |
| Listing VS Median (in 12528) | |
Price: $798,000 low | high Med: $455,000 sqft: 3,504 low | high Med: 1,453 $ / sqft: $228 low | high Med: $314 On site: 147 low | high Med: 117.5 | |