William Raveis Real Estate
John Spanos, William Raveis Real EstatePhone: (914) 843-0777
Email: [email protected]
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listing
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MultifamilyFor Sale
$2,599,000
56-58 Still Road
Monroe, NY 10950
Listed by: Exit Realty Venture, 845-608-1531
MLS: OneKey MLS
7Beds
3Baths
Est. Mortgage
$13,516/mo

This is a rare investment opportunity! Exploring the potential of land development reveals several possibilities. Every 20,000-square-foot plot can accommodate a single-family house, for a total of 12 houses. However, if it is built as a 55+ community, the same area can have 22 single-family units. If you choose to build multi-dwelling buildings, you can build 5 buildings, each with 15 units. For instance, there are 2 beautiful renovated houses, The current rent is $5,350 Monthly and, $64,200 yearly Starting September 2025 rent will be $6,150 Monthly, and $73,800 yearly. The property has municipal water and municipal sewer. This site is very builder-friendly, Wide open, with no rock or ledge, and very accessible to retail, within walking distance of all amenities. Don't miss this one!

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Information courtesy of Exit Realty Venture is subject to verification and is not guaranteed.
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