| CREOP

Exclusively offered by Dante Belmonte of Hunt Real Estate ERA, this 33-unit apartment complex presents a compelling investment opportunity in the Clinton, NY market. Situated on a spacious lot with ample parking and generous green space, the property offers both tenants and ownership long-term value and appeal.The unit mix includes a strong combination of one- and two-bedroom apartments, all currently leased. With rents positioned well below market levels, this asset provides significant upside for investors looking to increase revenue through strategic rent adjustments. The property is offered at a very low basis compared to similar assets in the region, enhancing its long-term return profile. With strong in-place occupancy, stable tenancy, and minimal deferred maintenance, new ownership can focus on capitalizing on the rent growth potential without the burden of major upfront investment. This is an ideal opportunity to acquire a stabilized, income-generating asset with room to grow
Originally constructed in 1955 as a school, the property was thoughtfully converted into 33 generously sized apartment units in 1982. The layout includes a mix of spacious floor plans, with several two-story townhome-style residences. Residents also benefit from two on-site common area laundry facilities.
Adjacent to this property there is a vacant ~5 acre parcel of land available for $199k that has been approved to build additional apartments.