83-85 W Clark Street, Ilion, NY 13357

Call/Text: (3I5) 723-29O3 *** Priced at a 22.5% cap rate. *** Fully rented 4-unit multifamily in the Village of Ilion. This classic two-story 4-unit delivers ~$38,160 in annual NOI, a 22.5% cap at the list price of $169,600. Each of the four apartments is separately metered for electric, so tenants carry their own utility costs. The property is served by municipal water and public sewer and has a gravel driveway with off-street parking. Property taxes are just $3,721 a year, which keeps the expense ratio manageable. Rents are in line with the market, and tenant demand stays steady thanks to the village location near Route 5S, the Thruway, and Herkimer County's employment base. This is a high return on investment property for buyers building a cash-flowing portfolio. Sold as-is. Rent roll and expenses available upon request.