ESOPUS NY - ID: 20172019
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  • Price: $795,000
  • Bedrooms: 5
  • Bathrooms: 6 (full)
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 1.43
  • Year Built: 1976
  • School District: KINGSTONCONSOLD
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: THIS WELL CARED FOR 11 UNIT APARTMENT IS A SOLID INVESTMENT OPPORTUNITY. ALL ONE BEDROOM APARTMENTS FULLY RENTED WITH LONG TERM TENANTS. NICELY UPDATED INSIDE AND OUT. MOST KITCHEN AND BATHS HAVE BEEN RENOVATED. SEVERAL UNITS HAVE HARDWOOD FLOORS. ROOF IS 3 YEARS OLD. BOTH BUILDINGS HAVE NEW HIGHLY EFFICIENT BUDERUS BOILERS WITH SIDE ARM HOT WATER HEATERS. HEAT IS NATURAL GAS AND EVERY ONE HAS AN INDIVIDUAL ZONE AND THERMOSTAT. THERE IS A LAUNDRY ROOM WITH COIN OPERATED WASHER AND DRYER. BLACK CREEK PRESERVE IS CONTIGUOUS TO THIS PROPERTY ALLOWING TENANTS ACCESS TO HIKING TRAILS AND THE HUDSON RIVER. CLOSE PROXIMITY TO THE POUGHKEEPSIE BRIDGE. PROPERTY DETAIL AND RENT ROLLS ARE IN ASSOCIATED DOCS WITH ACTUAL AND PRO-FORMA NUMBERS. THERE ARE 7 ONE LEVEL APARTMENTS IN ONE BUILDING. SECOND BUILDING IS 2 STORY WITH 4 APARTMENTS. CAP RATE IS 7% WITH 5% VACANCY RATE. LANDLORD SELDOM HAS VACANCY

FEATURES:
NUMBER OF UNITS: 11
UNIT 1 -RENT: 745
ZONE: Apt
LOT DIMENSIONS: 1.43
SCHOOL TAX: $91,827
PROPERTY TAX: $56,154
VILLAGE TAX: $0
UNIT 1 -LEASE: Mtm
UNIT 2 -LEASE: Mtm
UNIT 1 -LEASE: Mtm
UNIT 4 -LEASE: Mtm
UNIT 5 -LEASE: Mtm
Unit 6 -Lease: Mtm
UNIT 2 -RENT: 800
UNIT 3 -RENT: 745
UNIT 4 -RENT: 725
UNIT 5 -RENT: 745
UNIT 6 -RENT: 745
CONDITION: Very Good
APPLIANCES: Range, Refrigerator
ELECTRICITY: Mixed
LOT FEATURES: Level, Public Rail Trail, Other/See Remarks
LOT/SITE: Rural
WATER: Drilled Well
SURVEY: Yes

Listing courtesy of: Murphy Realty Group, Murphy Realty Group / Listing Agents: Carol Spirig, John Murphy
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The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Grist Mill Real Estate are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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