OLIVE NY - ID: 20171818
On the Market
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  • Price: $264,999
  • Bedrooms: 4
  • Bathrooms: 7 (full)
  • Garage: None
  • Acreage: 1.30
  • Year Built: 1928
  • School District: ONTEORA CENTRAL
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: Proven money maker. 17% 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. Miscellaneous Expense in Financials is Vacancy.
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:
UNIT 1 -RENT: 800
ZONE: 02
LOT DIMENSIONS: 1.3
UNIT 1 -LEASE: V
UNIT 2 -LEASE: V
UNIT 1 -LEASE: M2m
UNIT 4 -LEASE: M2m
UNIT 5 -LEASE: V
Unit 6 -Lease: M2m
UNIT 2 -RENT: 900
UNIT 3 -RENT: 725
UNIT 4 -RENT: 775
UNIT 5 -RENT: 700
UNIT 6 -RENT: 800
CONDITION: Good
WATER: Drilled Well, Dug Well

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