Discover a prime investment opportunity in Peekskill, offering incredible upside potential along with a possible property subdivision for additional future income. Proforma P&L shows a 6.99% cap rate. Well maintained property with hardwood floors (as seen), four separate heating units and hot water heaters. All utilities paid directly by tenants with the exception of water. Each unit features spacious layouts and outdoor space. All units currently rented on a month-to-month basis at below market rates. Off street parking for tenants located at back portion of property on Kossuth Place. Peekskill boasts a vibrant downtown with shops, restaurants and cultural attractions. All this within minutes to local parks, Metro North, Peekskill’s vibrant Riverfront Green Park, Water Front Trail, Boat Launch, Peekskill Yacht Club, Restaurants, and short drive to downtown Peekskill Art Galleries, Paramount Theater, Stores, Restaurants and Coffee Shops. Don’t miss out on this excellent investment opportunity! © 2024 OneKey™ MLS, LLC