Welcome to Brighton Place Townhouses — an exceptional investment opportunity to
acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath
townhome-style units. Each unit includes both front and rear entrances, a spacious
living room with hardwood floors, and a full kitchen on the main level. Upstairs, you’ll
find two bedrooms and a full bathroom.
Every unit also includes a private basement along with individual furnaces, water
heaters, and separate gas and electric meters. Tenants are responsible for their own
utilities, with the exception of water and sewer. The property offers ample parking for all
residents, plus 14 garage bays.
The complex benefits from stable occupancy, and over two-thirds of the rental income is
guaranteed through subsidies. Significant upside exists in raising rents, and a
fresh Certificate of Compliance has just been issued.
Offered at $2.85M, this investment delivers a strong 10% cap rate.
11,088 Sq Ft
2.4773 Private Acres Exterior Space
Investment
$35,620 Annual Tax
Built in 1945
MLS/Listing ID S1608313
2 Stories
38 Units
Parking - Threeormore Spaces
Heating - Gas
Hardwood
Construction - Wood Siding
Refrigerator
Gas Water Heater
Gas Cooktop
ZACHARY JOHNSON - 315-396-0493
Source of Data: NEW YORK STATE MLS