190 Lower Creek RoadDryden, NY 14850

Description

The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.

Property Information

Property type

Residential Income

Year built

1980

Stories

1

Living area

10,000 Sq Ft

Lot size

2.50 acres

Lot dimensions

163X731

Days on market

154

MLS^® Listing#

S1682166

Property Features

Interior

Ceiling Fan(s)

Appliances

Built-In Range · Electric Water Heater · Refrigerator · Water Heater · Water Softener Owned

Cooling

Ceiling Fan(s)

Heating

Electric · Baseboard

Flooring

Carpet · Ceramic Tile · Laminate · Varies · Vinyl

Basement

None

Parking

Driveway · No Garage

Laundry

Common Area

Lot features

Irregular Lot · Secluded

Construction

Brick · Frame · Wood Siding

Roof

Shingle

Other structures

Barn(s) · Outbuilding

Community

None

Utilities

Cable Available · Electricity Available · Electricity Connected

Sewer

Other · Septic Tank

Water source

Private · Well

Schools

Elementary

Dryden Elementary

Middle

Dryden Middle

High

Dryden High

Financial Details

Annual taxes

$43,887

Assessed value

$845,000

Parcel number

502489-044-000-0001-003-044-0000

Directions

Rt 366 near Etna turn on Etna Lane, left on to Lower Creek Rd, property on right past Wood Rd. Look for sign. Enter into the paved driveway continue across the gravel drive into the paved parking lot. Look at attached map.