- Price: $500,000
- Sq. Feet: 7,200
- Acreage: 0.22
- Year Built: 1800
- School District: RONDOUT VALLEY
Property Type: Mixed Use
Description: Well-maintained, turn-key multi-family / mixed-use income-producing property with direct frontage on Rondout Creek. Completely renovated 8 unit building with its original charm preserved while incorporating new mechanical, electrical and plumbing systems throughout. There are 4 commercial retail units at ground level, each with a private half bath. Located on the 2nd floor are 4 residential units consisting of 2 two-bedroom units and 2 one-bedroom units, each with exterior terraces & new kitchen cabinets. All units have refinished hardwood floors. Full walk-out basement is accessible from the retail spaces and from the rear of the building for additional storage use. All units are on town sewer & water and are currently rented with excellent tenants. Fantastic opportunity for investor to begin collecting income immediately or for a buyer to live upstairs and/or work downstairs and use the tenants' rents to pay the mortgage. Located along the 3 ½ mile O&W Rail Trail and in the heart of historic Kerhonkson, the building’s location is convenient to nearby attractions, shopping and the burgeoning farm to table dining scene of the scenic Hudson Valley.
All of the mechanicals were upgraded in 2012: New individual Peerless propane boiler for each residential unit, New Peerless boiler for commercial units, New electric panels, New plumbing for the new heating system, New windows, skylights and flashing In 2017: New rear facade refinishing and paint In 2018: New roof (with 15 yr warranty) New blacktop refinishing on sidewalk, New carpet throughout common area, Recent facade paint job, New planters.
NUMBER OF UNITS: 8
LOT DIMENSIONS: 100x95
CONDITION: Excellent, Very Good
ELECTRICITY: 200 Amps
LOT FEATURES: Flood Plain, Level, Parking Lot, Other/See Remarks
ROAD FRONTAGE: Paved