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  • Price$569,000
  • Beds4
  • Baths4
  • Sq. Ft.3,540
  • Acres1.17
  • Built1960

879 Farmers Mills Road, Carmel

6.5% CAP - Great Investment of FOUR LEGAL 1 bedroom Apartments with 5 full possible apartments on a level private lot with ample parking up to 10 cars. This money maker has a solid tenant roll with many new improvements. Tenants pay all electric with electric heat on 5 separate meters. Landlord pays snow, landscape and hot water. NEW: front windows, complete bathrooms in all units, garage doors, well pump and entire well casing, water softener system, and water pressure storage tank. Roof is 9 years new. Separate room in rear of building ready for laundry room that has a separate dry well. Total Gross Rent = 68,700. Total Expenses = 30,900. NET INCOME = 37,800 - - - 6.85 CAP

Essential Information

  • MLS® #4935976
  • Price$569,000
  • Bedrooms4
  • Bathrooms4.00
  • Full Baths4
  • Square Footage3,540
  • Acres1.17
  • Year Built1960
  • TypeMulti-Family 2-4
  • Sub-TypeDuplex
  • StatusActive


  • Parking Spaces10
  • ParkingDriveway


  • ExteriorShingle
  • Lot DescriptionLevel
  • ConstructionFrame

Listing Details

  • Listing OfficeKeller Williams Realty Partner

Community Information

  • Address879 Farmers Mills Road
  • AreaKent
  • CityCarmel
  • CountyPutnam
  • StateNY
  • Zip Code10512


  • HeatingBase Board
  • CoolingWindow Units
  • BasementNone

School Information

  • DistrictCarmel
  • ElementaryKent Elementary
  • MiddleGeorge Fischer
  • HighCarmel
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Listing information last updated on January 18th, 2020 at 12:43pm EST.