Listing Provided by Rip Van Winkle Mountain Realty, Inc.
2336 Route 145, Durham
A Newly Renovated 16 Unit Apartment Building in Durham! The total annual rent roll for the 16 apartments is $182,400. There can be an additional unit in Building #2 for a total of 17 units. Building #1 (on the right which had been renovated several years ago) has 8 apartments. There are 4 studio apartments rented at $850 each & there are 4 - 1 bedroom apartments rented at $950 each. The total annual rent roll is $86,400 for Building #1. Building #2 (on the left which is being renovated now) will have 8 - 1 bedroom apartments rented at $1,000 per month for a total annual rent roll of $96,000 for the 8 units. A 9th unit can be added in Building #2 in the basement: a 2 bedroom apartment. There is a new septic system that can be added onto for additional buildings/units. The utilities are separate with each tenant paying for their own utilities. There is a large open backyard with a stream - Cornwallville Creek or Thorp Creek - & ample parking around the buildings.
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