SELLERS FINANCING AVAILABLE! This commercial property allows you to own a cash cow investment, with 5.1 acres of the commercial property leased for parking trucks, trailers, boats, RVs, used cars, a fully leased warehouse used as an auto repair shop, and garages, additionally, it has 5 residential units. Great location, Just 4 minutes 3.4 miles off Exit 126 Florida NY. This is a value add opportunity Since all units are rented under market value, additionally, not all parking spaces are leased, and is highly demanded in the area. It's a good & easy investment since it doesn't require much maintenance, management, or repairs. This property can be redeveloped for about 100,000 sq ft industrial building, or you can just keep all the structures and build about 40,000 sf warehouse building. Property currently has a 7.71% cap rate.
Heating:
Baseboard, Hot Water, Natural Gas
Cooling:
Central Air, Wall/Window Unit(s)
Utilities
Electricity Available
Appliances:
Convection Oven, Gas Water Heater
4428 State Route 94, Goshen, NY, 10921
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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