OLIVE NY - ID: 20171817
On the Market
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  • Price: $264,999
  • Sq. Feet: 3,685
  • Acreage: 1.30
  • Year Built: 1928
  • School District: ONTEORA CENTRAL
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Mixed Use

Description: Proven money maker. 15% proforma cap rate incorporates a 5 % vacancy when all units rented. Commercially zoned. Separate utilities. Main house has one store front and 3 apartments. Second building has 2 apartments. Great location near Woodstock and Ashokan Reservoir.
Square footage and acreage is approximate from seller info and taxes, and includes both buildings.3rd Building in need of serious repairs. Could be renovated for more income. 2 septics, 1 well. Landlord pays electric for well currently. Do not enter 3rd Building. Owner currently does lawn, plowing and maintenance.


FEATURES:
WATER: 0
ZONE: 02
LOT DIMENSIONS: 1.3
CONDITION: Good

Listing courtesy of: Murphy Realty Group / Listing Agent: Edwin Maldonado
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