For Sale

Evergreen Estates

42 Island Rd,
Phoenix, NY 13135

Asset Snapshot

Townhouse
Multifamily Subtype
7.00 Acres
Land Area
11 Units
Unit Count
1 SF
Property Size
98%
Occupancy

Offering Summary

Investment Overview

- Prime Investment Opportunity: Nestled in close proximity to the cutting-edge Micron chip plant development, this multi-family property at 42 Island Rd offers an unparalleled chance to capitalize on the burgeoning tech industry boom. The strategic location ensures a promising return on investment for savvy buyers looking to tap into the potential growth and prosperity of the area. - Lucrative Rental Income: Boasting 7 tenant-owned homes generating a steady income of $381 per month each and 2 paying $450 and one rental paying 727, this property offers a hassle-free investment opportunity with rent-to-own options. The ease of management provided by these arrangements, coupled with an on- site manager overseeing water treatment and testing, ensures a smooth and profitable investment experience for discerning buyers. another rent increase scheduled for March 2027 of 3%


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Listing Syndicated From

Buildout
Accepting Offers
$465,000
Asking Price

Investment Sales Broker

ST
Steve Tomaso
IRE Investment

Market Insights