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Multifamily

Parksville Portfolio

61-65-67 and 69 Parksville Rd, Pleasant Valley, NY 12569

Listing Price: $2,395,000

Cap Rate
6.36%
Number of Units
18
GRM
7.77
Occupancy
87.5%
Price/Unit
$133,056
Price/Gross SF
$183.52
Gross SF
13,050

Investment Overview

Marcus & Millichap is pleased to exclusively represent ownership for the sale of 61-65-67 and 69 Parksville Road Pleasant Valley, NY 12569. The property consists of four detached buildings containing a total of 18 apartments as follows:
61 Parksville - two, tow-bedroom units
65 Parksville - one studio, one one-bedroom, two two-bedrooms (currently being renovated and will
be leased at closing)
67 Parksville - two studios, three one-bedroom, one two bedroom
69 Parksville - six two-bedrooms

In addition, there are garages which are rented at $300/month to some of the tenants.

A value-add opportunity exists where a four unit complex once stood and was destroyed by fire. The foundation is still there are the building could be rebuilt.

Pleasant Valley has no rent restrictions.

Investment Highlights

  • Value Add Opportunity
  • Rural, Tranquil Setting
  • All Apartments have washer/dry and dishwasher

Exclusively Listed By

Financing By

Listing Price: $2,395,000

Cap Rate
6.36%
Number of Units
18
GRM
7.77
Occupancy
87.5%
Price/Unit
$133,056
Price/Gross SF
$183.52
Gross SF
13,050

Investment Highlights

  • Value Add Opportunity
  • Rural, Tranquil Setting
  • All Apartments have washer/dry and dishwasher

Investment Overview

Marcus & Millichap is pleased to exclusively represent ownership for the sale of 61-65-67 and 69 Parksville Road Pleasant Valley, NY 12569. The property consists of four detached buildings containing a total of 18 apartments as follows: 61 Parksville - two, tow-bedroom units 65 Parksville - one studio, one one-bedroom, two two-bedrooms (currently being renovated and will be leased at closing) 67 Parksville - two studios, three one-bedroom, one two bedroom 69 Parksville - six two-bedrooms In addition, there are garages which are rented at $300/month to some of the tenants. A value-add opportunity exists where a four unit complex once stood and was destroyed by fire. The foundation is still there are the building could be rebuilt. Pleasant Valley has no rent restrictions.

Exclusively Listed By

Financing By

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