433 Route 52, Carmel

$750,000

0 Beds
0 Baths
0 Acres
0 Garages

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.

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Essential Information
MLS® #H6134917
Price$750,000
Acres0.00
TypeCommercial Sale
Sub-TypeMixed Use
StatusActive
Community Information
Address433 Route 52
CityCarmel
CountyPutnam
StateNY
Zip Code10512
Interior
HeatingBaseboard, Electric
CoolingWindow Unit(s)
School Information
DistrictCarmel
Additional Information
Date ListedAugust 3rd, 2021
Days on Market171
ZoningCommercial/Residential
Listing Details
Listing Courtesy ofMcGrath Realty Inc
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Listing information last updated on January 21st, 2022 at 8:30am CST.