433-435 Route 52

Carmel, NY 10512 Directions
Listing Courtesy of Grand Lux Realty, Inc.
$699,000
  • 1961Built

Property Highlights

  • Days on Market: 22
  • MLS: 6053904

Property Highlights

  • Days on Market: 22
  • MLS: 6053904

Former Lake Carmel Medical Center converted to four family residential rental units with lower level former Nutritionists office and separate eight room Medical office, stand alone building in parking lot.First offering Fantastic investment opportunity. 5 Family building OR Renovate to complete Office Building. Four occupied apartments with tenants. The fifth and sixth medical office spaces are vacant. This is an undervalued opportunity to expand your portfolio. The current income easily supports the debt with the opportunity for expansion by finishing off the previously used Nutritionists office space on the first floor with reception room, admin...

Property Highlights

  • Days on Market: 22
  • MLS: 6053904

Former Lake Carmel Medical Center converted to four family residential rental units with lower level former Nutritionists office and separate eight room Medical office, stand alone building in parking lot.First offering Fantastic investment opportunity. 5 Family building OR Renovate to complete Office Building. Four occupied apartments with tenants. The fifth and sixth medical office spaces are vacant. This is an undervalued opportunity to expand your portfolio. The current income easily supports the debt with the opportunity for expansion by finishing off the previously used Nutritionists office space on the first floor with reception room, admin office, Dr. office and four examination rooms with sinks and rear entrance. Close to shopping and highways on main road with lots of daily traffic and water views but private in rear of property. Currently a 7% cap without the pro-forma of the two vacant units.

Former Lake Carmel Medical Center converted to four family residential rental units with lower level former Nutritionists office and separate eight room Medical office, stand alone building in parking lot.First offering Fantastic investment opportunity. 5 Family building OR Renovate to complete Office Building. Four occupied apartments with tenants. The fifth and sixth medical office spaces are vacant. This is an undervalued opportunity to expand your portfolio. The current income easily supports the debt with the opportunity for expansion by finishing off the previously used Nutritionists office space on the first floor with reception room, admin office, Dr. office and four examination rooms with sinks and rear entrance. Close to shopping and highways on main road with lots of daily traffic and water views but private in rear of property. Currently a 7% cap without the pro-forma of the two vacant units.

Read MoreRead Less
  • Additional Information
    • Elementary School District: Carmel
    • High School District: Carmel
    • Middle School District: Carmel
    • Tax Amount: 23160.00
    • Type: Commercial Sale
    • Unit Count: 6
    • Year Built: 1961
    • Zoning: Commercial/Residential
  • Interior/Exterior Features
    • Construction Materials: Frame
    • Heat: Electric, Baseboard
Click to view full screen