ROSENDALE NY - ID: 20173988
On the Market
Ulster:20173988_1
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  • Price: $399,000
  • Bedrooms: 6
  • Bathrooms: 4.5 (full)
  • Sq. Feet: 3,210
  • Garage: None
  • Acreage: 0.13
  • Year Built: 1900
  • School District: RONDOUT VALLEY
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: Fully occupied 4 residential units with additional retail space in historic Rosendale, a great town once famous for its natural cement and popular today for its picturesque charm by local residents and tourists alike. One 3 bedroom apartment, three 2 bedroom apartments, and a storefront space with half bath. Cap rate of 7.2 reflects a 3% vacancy rate. Newer furnaces. Electric expense is included in one of the apartments, which has a higher rent. Tenants are very interested in staying and renewing leases which have variable end dates.
Landlord pays electric for one tenant (unit 4), otherwise tenants pay for their own electric and propane. Landlord pays for water and garbage removal. Square footage of apartments is approximate.


FEATURES:
NUMBER OF UNITS: 5
UNIT 1 -RENT: 650
ZONE: B 1
LOT DIMENSIONS: 0.13 Acres
UNIT 1 -LEASE: Year
UNIT 2 -LEASE: Year
UNIT 1 -LEASE: Year
UNIT 4 -LEASE: Year
UNIT 5 -LEASE: Year
UNIT 2 -RENT: 900
UNIT 3 -RENT: 1200
UNIT 4 -RENT: 1065
UNIT 5 -RENT: 880
CONDITION: Very Good, Good
APPLIANCES: Range, Refrigerator
ELECTRICITY: Circuit Breakers
LOT/SITE: Hamlet/Village
WATER: Municipal

Listing courtesy of: Berkshire Hathaway Homeservices Nutshell Realty / Listing Agent: Laurel Sweeney
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