Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
4,500 SF
Site
0.14 acres
Price / SF
$300
Year built
1962
The offering
This unique mixed-use property offers multiple income streams from a fully renovated commercial building with 3 units and four separate residential units—all currently fully rented. Strategically located directly on Route 6 in Mohegan Lake and adjacent to a municipal parking lot, the property offers excellent visibility, accessibility, and convenience for both commercial and residential tenants. The commercial building has been fully updated and renovated, providing a turnkey income-producing space. The residential component includes a fully updated first-floor apartment, a detached two-family building, and a separate fully renovated cottage with its own private driveway and parking. With 7 distinct rental components, full occupancy, and a prime Route 6 location, this property presents a compelling opportunity for investors seeking diversified rental income and long-term appreciation potential.
Building & site
Interest conveyedFee simple
Gross building area4,500 SF
Building typeMulti Family
Property typeMulti Family
Year built1962
Land area0.14 acres
Land area, SF6,059 SF
WaterPublic
SewerPublic Sewer
HeatHot Water, Oil
Tax parcel55540015.15-1-48
Number of buildings3
Electric utilityNYSEG
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Taxes & assessment
2022 taxes
$18,500
Assessed value
$10,550
Land assessment
$2,920
Full market value
$0
Owner of record
MARLAW LLC
School district
Lakeland
Property class
483
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.