218 N James StreetPeekskill, NY 10566

Description

Beautifully restored Victorian seven-family income-producing property in the heart of Peekskill. This impressive three-story multifamily home combines timeless architectural character with extensive modern updates. The interior was fully renovated in 2019, with the exterior also refreshed, offering an attractive, well-maintained investment opportunity. The three-story building features two apartments on each floor, plus an additional basement-level unit with windows, providing a total of seven units. Tenants pay their own utilities, helping maximize the property's income potential. All units are currently on a month-to-month basis, providing flexibility for an investor or owner looking to manage the property strategically. All apartments are equipped with a video intercom system, and additional storage is available in the basement. Ample off-street parking behind the property is shared by the tenants—an important amenity in a multifamily setting. There is also potential to add laundry facilities, creating an additional opportunity for income and tenant convenience.Conveniently located in Peekskill with easy access to Metro-North, shopping, dining, entertainment, parks, and the vibrant downtown area. An excellent opportunity for investors seeking a turnkey multifamily property with additional upside potential.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Style

Mid Rise

Year built

1900

Stories

4

Building area

5,665 Sq Ft

Lot size

0.26 acres

Days on market

2

MLS^® Listing#

1041015

Property Features

Appliances

Gas Range · Refrigerator · Tankless Water Heater

Cooling

None

Heating

Electric

Flooring

Laminate

Basement

Partially Finished

Parking

Common · Off Street

Construction

Frame

Security

Fire Sprinkler System

Utilities

Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Hillcrest

Middle

Peekskill Middle School

High

Peekskill High School

Financial Details

Annual taxes

$33,916

Assessed value

$27,000

Parcel number

1200-033-022-00005-000-0016