Earlier in the week we featured a Victorian home for sale in Ossining. We see many beautiful historic homes for sale in the Hudson Valley, and not all of them are for one family. There are many multi-family homes for sale as well, which make good investments, and may be attractive for someone looking to live in one unit, and rent out the rest for additional income.
Looking for multi-family homes in Rockland County, we found quite a few choices under $500,000. But if you have the extra money, there is this impressive Victorian, 4-family property in the Village of Nyack. All the units still maintain the old world charm of this 1890 home, with hardwood floors, exposed brick and fireplaces.
Being on South Broadway, this home is just steps from the Nyack library and the YMCA, and all the cute shops and restaurants in downtown Nyack. The Hudson River is one block away, and some of the apartments have partial river views.
The rent roll is not bad either. At a sales price of $895,000 and a 20% down payment, you may have a tidy $2000 profit each month after paying for the mortgage and insurance. At this prime location, it should not be hard to keep the property fully occupied.
Location: 169 South Broadway, Nyack, NY 10960
Year built: 1890
Size: 5,802 square feet, 4 unit multi family home. Located on 0.22 acres
About the area: The median sales price of single family homes in the Village of Nyack in 2014 was $335,000 based on 79 sales, according to the HGMLS. In 2014, there were 62 multi-family homes in Rockland County sold, for a median sales price of $317,500.
School District: Nyack School District
Listing Broker: Wright Bros Real Estate
Want to see the complete listing? See it here: 169 South Broadway, Nyack, NY
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