Courtesy: Berkshire Hathaway HomeServices Heritage Realty
607-428-0708
The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.
Dryden is located in New York. Dryden, New York has a population of 14,089. Dryden is less family-centric than the surrounding county with 20.26% of the households containing married families with children. The county average for households married with children is 26.46%.
The median household income in Dryden, New York is $72,211. The median household income for the surrounding county is $64,260 compared to the national median of $69,021. The median age of people living in Dryden is 39.8 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 38.7 inches per year, with 70.1 inches of snow per year.
