4691 Route 66

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4691 Route 66

Chatham, NY 12115
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Chatham New York
  • Four individual residential units available for investment
  • Situated directly on the Route 66 corridor
  • Provides immediate capacity for residential rental operations
  • Strategically positioned within the Columbia County market area

What's Special

Investors seeking a stabilized multifamily addition in Chatham will find potential in this four-unit apartment building located at 4691 Route 66. This asset provides a consistent residential offering within a scenic region of New York state, characterized by its steady demand for rental housing. The property sits in a community known for its balance of rural character and proximity to regional economic centers, making it a functional choice for those focused on small-scale multi-family portfolios. Local housing markets in this area often benefit from consistent interest from individuals seeking proximity to both local employment bases and regional transportation arteries. This apartment building serves as a straightforward acquisition for operators looking to capitalize on the ongoing need for rental stock. Its design allows for efficient management and tenant turnover in a quiet, established corridor of Chatham.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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