$899,999
Prime Mixed-Use Investment Opportunity – Turnkey & Fully Renovated
Rare opportunity to own a fully renovated, income-producing mixed-use property in Goshen, NY. This turnkey building combines a ground-floor commercial space with two residential apartments — offering investors immediate cash flow and diversified income streams.
The commercial unit of 2,020 sqft is move-in ready, currently owner occupied, ideal for retail, office, or service-based tenants. The office can rent for $20/sq ft/yr plus CAM of about $7/sq ft/yr. Above, two apartments, includes one that was recently renovated can generate a combined $4,000/month in residential rent, with strong tenant demand in this growing Orange County market.
Total projected gross income of $9,500/month ($114,000/year, comprised of rent plus CAM) with 36k of operating expenses (including property taxes and insurance) on an asking price of $899,999 — priced to deliver a 8.6% cap rate. Every unit has been thoughtfully renovated, minimizing near-term capital expenditures and maximizing net returns from day one.
Located in the heart of Goshen, with proximity to shopping schools, local restaurants, and government buildings, this property benefits from strong local rental demand and continued growth in the Hudson Valley corridor.
Whether you’re expanding a portfolio or entering the mixed-use investment space, this is a rare chance to acquire a stabilized, cash-flowing asset with room to grow.
Asking Price: $899,999 | Gross Income: $114,000/yr | Cap Rate: 8.6%
1035048
MLS
12 Scotchtown Avenue, Goshen
