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Multifamily

Pleasant Valley Estates

160 W Rd, Pleasant Valley, NY 12569

Listing Price: $6,800,000

Cap Rate
5.09%
Number of Units
48
Occupancy
100.0%
Price/Unit
$141,667
Price/Gross SF
$161.72
Gross SF
42,048

Investment Overview

Marcus and Millichap is pleased to exclusively represent ownership for the sale of the multi-family property located at 160-166-168 West Road, Pleasant Valley, Dutchess County, New York, 12569. Pleasant Valley Estates contains 48 units, has ample parking for 100 cars and is situated on 9.85 acres which includes a scenic pond. Each of the three two story buildings contains 16 one-bedroom, one bath apartments of approximately 875 square feet. The gross building area of the three structure is 42,048 square feet. Each unit has a private entrance, balcony/patio, central air conditioning, in unit washer/dryer, hot water heater, and outside storage locker. Heat, air-conditioning, and electric stove is on a separate electric meter paid by the tenant. The property was built in 1985.

Investment Highlights

  • Under Market Rents - No Rent Control In Dutchess County
  • All Services Are Electric Paid By Tenant (Separate Meter)
  • First Sale in 35 Years

Exclusively Listed By

Financing By

Multifamily

Pleasant Valley Estates

Listing Price: $6,800,000

Cap Rate
5.09%
Number of Units
48
Occupancy
100.0%
Price/Unit
$141,667
Price/Gross SF
$161.72
Gross SF
42,048

Investment Highlights

  • Under Market Rents - No Rent Control In Dutchess County
  • All Services Are Electric Paid By Tenant (Separate Meter)
  • First Sale in 35 Years

Investment Overview

Marcus and Millichap is pleased to exclusively represent ownership for the sale of the multi-family property located at 160-166-168 West Road, Pleasant Valley, Dutchess County, New York, 12569. Pleasant Valley Estates contains 48 units, has ample parking for 100 cars and is situated on 9.85 acres which includes a scenic pond. Each of the three two story buildings contains 16 one-bedroom, one bath apartments of approximately 875 square feet. The gross building area of the three structure is 42,048 square feet. Each unit has a private entrance, balcony/patio, central air conditioning, in unit washer/dryer, hot water heater, and outside storage locker. Heat, air-conditioning, and electric stove is on a separate electric meter paid by the tenant. The property was built in 1985.

Exclusively Listed By

Financing By

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