LLOYD NY - ID: 20182115
On the Market
Ulster:20182115_1
  • Price: $750,000
  • Bedrooms: 7
  • Bathrooms: 5 (full)
  • Sq. Feet: 4,376
  • Garage: None
  • Acreage: 16.00
  • Year Built: 1873
  • School District: HIGHLANDCENTRAL
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: 4 Family

Description: Don’t miss your chance to own this unique property consisting of a 3 family and Single family home on 16 tranquil acres. The single family Ranch home is currently owner occupied, but the property lends itself to be a complete rental/income opportunity by renting the Single Family as well. The Ranch home boasts gleaming hardwood floors, central air, vaulted ceiling with skylights, 3 bedrooms, 2 full baths, and a full walkout basement. The 3 family consists of 2 bedroom apartments. Two of the apartment have leases, the other is owner occupied. Both dwellings are on town water and have their own septic systems. This lovely 16 acre parcel has the potential to be subdivided. The cap rate has been figured based on adding the single family with the 3 family property. The cap rate would be 6% based on the value of the single family home and the 3 family home. Great commuter location; close to I-87, Metro North train and bus to NYC.

FEATURES:
NUMBER OF UNITS: 4
UNIT 1 -RENT: 1300
ZONE: R-1
LOT DIMENSIONS: 16 Acres
UNIT 1 -LEASE: Y
UNIT 2 -LEASE: N
UNIT 1 -LEASE: Y
UNIT 4 -LEASE: N
UNIT 2 -RENT: 1300
UNIT 3 -RENT: 1300
CONDITION: Very Good
APPLIANCES: Dishwasher, Dryer, Microwave, Oven-Built In, Range, Refrigerator, Trash Compactor, Washer
ELECTRICITY: Circuit Breakers
WATER: Municipal
SURVEY: Yes

Listing courtesy of: Houlihan Lawrence - Ef / Listing Agent: Jeffrey Smith
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