70 Piermont PlacePiermont, NY 10968Sale Price: $725,000

"PIERMONT DUPLEX" - Calling all investors or owner occupants! Don't miss the opportunity to own this turn-key, meticulously maintained legal 2 family residence with seasonal river & bridge views, just a stone's throw to the quaint Village of Piermont, 5 minutes to the bustling river town of Nyack and only 30 minutes from NYC! Perfectly situated on a dead end street, 70 Piermont Place offers strong potential rental income or a generous space for those looking to live in one unit and rent the other. Both units offer sun drenched living with 3 full bedrooms, 2 full baths, and private laundry in separate finished basements. Current rents are way under market with long term tenants and utilities have been paid by landlord. Large shared deck overlooking a flat, private backyard with sensational views. Garage is being used solely for storage and being sold "as is," but offers plenty of room for expansion above. Conveniently located minutes away from the Mario Cuomo Bridge, public transit to NYC, Hudson River, farmer's markets, nature parks, kayaking, hiking/biking trails, the Piermont Pier, and the most picturesque river town of Piermont, often referred to as "Hollywood on the Hudson." With reasonable taxes under $16K and a current cap rate of nearly 5.5%, this property easily commands a 7%+ cap rate with 3 bedroom Piermont market rents currently ranging from $2850 - $3500+ per month. Act now as this is one of the few multi-families on the Piermont market!