About 201-203 Ludingtonville Road
Great opportunity to own 20 units with easy commuter access to I-84. Property is in excellent condition, many structural improvements done over time. Current owners have managed premises for 30 years. The 2025 cap rate is about 7% at the asking price of $140k per unit. Full rent rolls, income and expenses, and recent independent appraisal available upon request. Each unit has electric heat with own meter, wall AC units, personal basement storage space and common laundry facilities.
Features of 201-203 Ludingtonville Road
| MLS® # | 818971 |
|---|---|
| Price | $2,800,000 |
| Sold Price | $2,700,000 |
| Date Sold | July 11th, 2025 |
| Bedrooms | 20 |
| Bathrooms | 0.00 |
| Square Footage | 10,730 |
| Acres | 8.20 |
| Taxes | $32,807 |
| Year Built | 1975 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Closed |
Community Information
| Address | 201-203 Ludingtonville Road |
|---|---|
| City | Holmes |
| County | Putnam County |
| State | NY |
| Zip Code | 12531 |
| Adult 55+ Community | No |
Amenities
| Utilities | Cable Connected, Electricity Connected, Trash Collection Private |
|---|---|
| Parking Spaces | 40 |
| Parking | Common, Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric |
|---|---|
| Cooling | Multi Units, Wall/Window Unit(s) |
| Has Basement | Yes |
| Basement | Common, Full, Storage Space, Walk-Out Access |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Frame |
|---|
School Information
| District | Carmel |
|---|---|
| Elementary | Contact Agent |
| Middle | George Fischer Middle School |
| High | Carmel High School |
Additional Information
| Date Listed | January 30th, 2025 |
|---|---|
| Days on Market | 9 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Town & Country |
|---|