OLIVE NY - ID: 20203890
On the Market
  • Price: $525,000
  • Sq. Feet: 3,832
  • Acreage: 0.92
  • Year Built: 1908
  • School District: ONTEORA CENTRAL
    Grist Mill Real Estate
    (800) 664-5503
Property Type: Mixed Use

Description: Here’s a Great Opportunity to own a Versatile Multi-Unit Property. It Features High Visibility on State Route 28 with Five Fully Occupied Apartments and a Professional Office Space for your Business currently used by the Owner. If you don’t have a business then rent the Office Space for additional Income. The front Building houses the Owners Office and two Nice Apartments. The back Building has Three more Apartments and a Workshop. There are three additional Outbuildings and a Garage on the property also. The 8.5% Cap Rate incorporates a 5% Vacancy Rate and reflects Income for the Apartments only so there’s ample room for Improvement. Almost directly across the street is access to the new Ashokan Rail Trail with miles of Scenic Views whether you’re walking, running or biking. Conveniently located in Shokan it’s about 10 minutes to Woodstock or Phoenicia and striking distance to plenty of shops, restaurants and hiking trails. Videos of the Apartments will be posted in the Addendum. Please review them before making an appointment to visit the property.
Apt 1A: https://youtu.be/eT-_t78nZ9U Apt 1B: https://youtu.be/b_s9DyXAD9k Apt 2A: https://youtu.be/oqlx-RWvmAc Apt 2B: https://youtu.be/77cc3hdgl1w Apt 2C: https://youtu.be/qr3Bj_l6jJQ

ELECTRICITY: Circuit Breakers, 100 Amps, 200 Amps
LOT FEATURES: Level, Public Rail Trail
LOT/SITE: Hamlet/Village, Rural

Listing courtesy of: Murphy Realty Group / Listing Agent: Edwin Maldonado
Copyright Ulster County
What is IDX?
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.
Copyright © 2020 by the Multiple Listing Service of Ulster County and Grist Mill Real Estate. All rights reserved.
This page is to be linked to only from gristmillrealestate.com