18-20 E Park Place, Suffern, NY 10901

Property Description

Exceptional investment opportunity in a desirable Suffern location! Currently generating $6,200 in monthly rental income, with potential to reach $8,200 per month! This three-unit mixed-use property includes two income-producing apartments and a vacant commercial unit you can use for your own business or lease for a potential $2,000 per month. Set on generous grounds with an expansive green yard, beautiful mature trees, and a large paved parking area, the property combines an attractive setting with convenient on-site parking. The commercial unit features four offices, a bathroom, and a large basement with windows, providing valuable additional storage and flexible space. The first apartment includes three generously sized bedrooms, one bathroom, a kitchen, a living and dining area, laundry space, and basement access. The second apartment offers three bedrooms, one bathroom, a kitchen, a separate living room, laundry space, and a primary bedroom with a walk-in closet. Conveniently located near restaurants, shops, schools, and public transportation, this property brings together spacious grounds, multiple rental opportunities, and exciting income growth potential. An outstanding opportunity to own a versatile income-producing property with generous outdoor space, ample parking, and significant rental upside! This property can be purchased individually or together with 22 Park Place, Suffern, NY (MLS #1069520).