ROSENDALE NY - ID: 20180187
On the Market
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  • Price: $295,000
  • Bedrooms: 6
  • Bathrooms: 4 (full)
  • Sq. Feet: 3,650
  • Garage: 2 Garage Detached
  • Acreage: 2.00
  • Year Built: 1969
  • School District: KINGSTONCONSOLD
    Grist Mill Real Estate
    (800) 664-5503
Property Type: 4 Family

Description: Great 4 unit investment property with a 9.77% cap rate at asking price. Property consists of a solid, renovated 3 family home, detached 2 bedroom mobile home and a detached 2 car garage. The home and trailer are set off the road on a sprawling 2 acre parcel great for owner use or land for tenants to enjoy. First floor 3 bedroom apartment has been recently vacated, we are leaving that unit vacant to make showings easier, owner will rent the unit prior to closing if a buyer requests. 9.77% cap rate at asking price includes all expenses, $1, 200 lawn/snow expense, 3% vacancy rate and a 3% repair and maintenance expense. Owner pays the heat and hot water for the 3 family home (oil boiler) tenants pay the electric, mobile home tenant pays all their own expenses. There are two wells and two septic system on the property, one for the 3-family and one for the mobile home. 3-family has a newer concrete septic tank and a new septic line going from the house to the tank. The mobile home has a newer plastic septic tank. Roof on the 3-family is about 4-5 years old, architectural 30 year shingle. First showing we can only see the vacant 3 bedroom unit, utility room for the 3-family, 2 car detached garage and all the grounds. Second showing we can see all the other occupied units.

UNIT 1 -RENT: 1450
UNIT 1 -LEASE: Vacnt
UNIT 5 -LEASE: Vacnt
UNIT 2 -RENT: 650
UNIT 3 -RENT: 800
UNIT 4 -RENT: 780
UNIT 5 -RENT: 150
CONDITION: Very Good, Good
APPLIANCES: Range, Refrigerator
LOT FEATURES: Landscaped, Level, Slope-Gently
WATER: Drilled Well
KITCHEN DESCRIPTION: Custom Cabinets, Cabinets Wood

Listing courtesy of: Win Morrison Realty / Listing Agent: Gregory Berardi
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