Mill Street Package
- - 4 properties located within a block of each other
- - 9 units for diversified income
- - 100% occupancy for immediate income
- - Well-maintained structure for low maintenance costs
- - Desirable unit layout for tenant appeal
- - Convenient location in Marathon for accessibility
- - Strong investment potential in a thriving rental market
- - Proven track record of successful rental income
- - Prime opportunity for multifamily investment
Property Description
Exceptional investment opportunity in Marathon, NY—three duplexes and one triplex offering a total of 9 units, with three properties on the same street and the fourth just a block away. Fully rented and stabilized, this turnkey portfolio generates $9,275/month in gross income and delivers a strong 9.5% cap rate after all expenses. All units feature electric heat (tenant-paid), laminate flooring, and several freshly painted interiors for easy maintenance and modern appeal. Investors will appreciate the consistent cash flow and minimal owner expenses. A single-family home on the same street, currently in need of repairs, can also be included for additional value and future upside for an extra price. Start earning from day one with this well-maintained, high-performing multifamily package.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $649,900 |
| No. of Units: | 9 |
| Year Built: | 1977 |
| Opportunity Zone: | No |
| Price per unit: | $72,211 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 5 |
ID: 1432992
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