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Turnkey and meticulously maintained, this 4-unit multifamily property offers strong cash flow and peace of mind for the next investor. Listed at just over an 8% cap rate, the property features three 2-bedroom, 1-bath units and one spacious 4-bedroom, 2-bath unit, providing an attractive mix for a variety of tenants. Significant recent improvements include two new heating systems and a partial roof replacement in 2024, along with new Trex decks added in 2025, reducing future maintenance costs and enhancing tenant appeal. Pride of ownership is evident throughout, making this an excellent opportunity for investors seeking a stable, well-cared-for asset with durable updates already in place. Whether expanding an existing portfolio or acquiring a quality multifamily property, this is an opportunity not to be missed. 3D Virtual Tours Available Upon Request. †
Property Location
62 Twenty Mile Stream Road Cavendish
Property Details
List Price 699,000
Bedrooms 10
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 5
Year Built 1890
MLS# 5097402
Lot Size 1.4 Acres
Taxes $5,733
Type Multi-Family
Days on Market 12 Days
Tax Year 2025
Units 4
Stories 1/2/1900
Road Frontage
Annual Income $76,800
Style
Water Frontage
Annual Expenses $0
Finished 4,252 Sqft
Construction No, Existing
Zoning Residential
Above Grade 4,252 Sqft
Seasonal No
Total Rooms 10
Below Grade 0 Sqft
List Date Jun 30th, 2026
Gross Income $76,800
Operating Expenses $0
Net Income $57,106
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,500/Monthly
Unit 2 2 Beds, 1 Baths, $1,575/Monthly
Unit 3 4 Beds, 2 Baths, $1,800/Monthly
Unit 4 2 Beds, 1 Baths, $1,525/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior
Disability Features
Foundation
House Color
Floors
Building Certifications
Roof Slate, Slate
HERS Index
Directions
Lot Description, Near Skiing
Garage & Parking No
Road Frontage
Water Access
Driveway Gravel
Water Type
Flood Zone No
Water Body
Zoning Residential
School District NA
Middle
Elementary
High
Heat Fuel , Oil
Excluded
Heating/Cool None, Baseboard
Negotiable
Sewer Public
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
Financing
Cable Co
Documents
Electric Circuit Breaker
Tax ID 132-041-10350
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† The remarks published on this webpage originate from Listed By The Nancy Jenkins Team of Nancy Jenkins Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
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