Hyde Park Apartments
28-38 North Street, Panama, NY
$1,690,000
Price
1 sqft
Building Size
12.4 acres
Lot Area
Overview
Description
Fully occupied and always in demand, this property boasts 24 charming 2-bed/1-bath apartment units, ensuring a steady stream of rental income. Additionally, the 1,784 sq ft ranch home on the premises features 3 beds, 2 baths, and a spacious 27 x 17ft living room, offering a versatile living or rental opportunity for potential buyers. Sitting on over 12 acres between two included parcels, this property is already approved for an additional 4 unit structure.
Boasting a prime location directly opposite the esteemed Panama Central School, Hyde Park Apartments offers an unparalleled investment opportunity for those seeking substantial ROI potential. The property's strategic positioning ensures a steady stream of tenants, making it a lucrative venture for savvy investors looking to capitalize on the thriving rental market in the area. This apartment complex is conveniently located right near downtown Panama, offering convenience for all of the tenants.