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4321 Acme Road, Ilion, NY 13357

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For Sale

$1,250,000

18,225 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Apartment
    Property type

  • $68.59
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6 1/2 years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookup, as well as a furnace, central air conditioning, electrical meter, and panel box. Tenants are responsible for their own gas and electric usage. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (12 of 14) feature front and back porches, offering added tenant appeal. There is ample parking available for both renters and visitors, ensuring convenience and ease of access. There is additional land for future expansion to build additional units.
MLS# S1644052

Courtesy Of Faith Properties, Inc.

(315) 735-2222

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    3.3 Acres
  • Roof Type
    Metal, Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 4321 Acme Road, Ilion, NY 13357

Home seller CENTURY 21 North East

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CENTURY 21 North East

(800) 844-7653
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.