42 Island Road

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Address: 42 Island Rd, Phoenix, NY 13135, USA
New York & Tri-State + Apartment Buildings
Created date: December 11, 2025
Date last updated: April 6, 2026
Price: $515,000Investment Analyzer NEW!

Property Description

Prime Investment Opportunity: Nestled in close proximity to the cutting-edge Micron chip plant development, this multi-family property at 42 Island Rd offers an unparalleled chance to capitalize on the burgeoning tech industry boom. The strategic location ensures a promising return on investment for savvy buyers looking to tap into the potential growth and prosperity of the area. Lucrative Rental Income: Boasting 8 tenant-owned homes generating a steady income of $381 per month each, 1 rent to own and one rental, this property offers a hassle-free investment opportunity with rent-to-own options. The ease of management provided by these arrangements, coupled with an on-site manager overseeing water treatment and testing, ensures a smooth and profitable investment experience for discerning buyers.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $515,000
No. of Units: 11
Lot Size: 7.00 Acres
Opportunity Zone: No
Price per unit: $46,818
Property Website Click Here
Address: 42 Island Road, Phoenix, NY 13135, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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