62 Main Street, Philmont, NY 12565

The Philmont Collection combines established rental income with the opportunity to increase revenue by leasing the remaining vacancies. Seven buildings comprise 27 rented or rentable apartments in the Village of Philmont, offering investors scale within a compact Hudson Valley village setting. Currently operating at a profit and offered at 2,995,000 dollars, the collection provides immediate income with further leasing upside. The portfolio includes 62 Main Street, 20 Church Street, 5 Church Street, 3 Church Street, 3 Elm Street, 7 Canal Street and 5 Elm Street. The October rent roll reports 21 leased apartments and six vacancies, with current scheduled rents totaling approximately 336,933 dollars annually. Leasing the remaining apartments at ownership's projected asking rents would add approximately 109,200 dollars in annual rental revenue. Clustered within a few walkable blocks, the properties support convenient management and access to village amenities. Capital improvements...