Price Reduced Listing
337-339 State Route 17m 1.5,Monroe, NY 10950
Monroe, NY 10950
Description
Investment Highlights This is an excellent income-producing opportunity with strong cash flow and attractive investment metrics. Purchase Price: $769,000Estimated Gross Rental Income: $72,000 per year ($6,000/month)Net Operating Income (NOI): $60,707 annuallyCap Rate: 7.89%, providing a solid return before financing.Estimated Annual Cash Flow (after mortgage): $16,962Cash-on-Cash Return: 7.6, offering a strong return on the invested capital.Debt Service Coverage Ratio (DSCR): 1.39x, indicating the property's income comfortably covers the mortgage payments.Gross Rent Multiplier (GRM): 10.68, reflecting a competitive income-to-price ratio. With projected annual rental income of $72,000, a 7.89% cap rate, and positive cash flow from day one, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking additional rental income. The strong NOI and healthy DSCR demonstrate the property's ability to generate consistent income while supporting financing.Charming Multi-Family Opportunity with Spacious Outdoor Space Discover the potential of this unique multi-family property offering generous living space, a large covered porch, and a private, tree-lined setting. The home features spacious bedrooms, multiple kitchens, bright living areas, and flexible floor plans ideal for extended family or investment opportunities. Outside, you'll find a detached storage shed, an additional outdoor deck/work area, and ample parking. Surrounded by mature trees, the property offers privacy while still providing convenient access to shopping, restaurants, schools, and major roadways. Whether you're looking to expand your investment portfolio, occupy one unit while generating rental income, or accommodate multi-generational living, this property offers exceptional potential. Bring your vision and make this versatile property your own. Highlights: Multi-family income opportunitySpacious covered front porchMultiple kitchens and living areasDetached storage shedLarge outdoor space with mature treesAmple off-street parkingConvenient location close to shopping, dining, and commuter routesGreat opportunity for investors or owner-occupants This property is ready for its next chapterschedule your private showing today!
Details
| MLS # | 1034204 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 22 |
| Listing Provided By | Flag Realty Group | Joseph Rosenfeld |
Features
| SQ Feet | 3,737 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 2 |
| Acreage | 36425.00 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Frame |
|---|
Utilities
| Utilities | Electricity Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 8793 |
| Tax Lot | 8 |
Area Information
| State | NY |
|---|---|
| County | Orange County |
| City | Monroe |
| Zip Code | 10950 |
| Listing VS Median (in 10950) | |
Price: $699,000 low | high Med: $561,250 sqft: 3,737 low | high Med: 1,844 $ / sqft: $187 low | high Med: $304 On site: 22 low | high Med: 4.5 | |
Market Activity 10950
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Learn More About This Property
| State | NY |
|---|---|
| County | Orange County |
| City | Monroe |
| Zip Code | 10950 |
| Listing VS Median (in 10950) | |
Price: $699,000 low | high Med: $561,250 sqft: 3,737 low | high Med: 1,844 $ / sqft: $187 low | high Med: $304 On site: 22 low | high Med: 4.5 | |
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