HURLEY NY - ID: 20213922
On the Market
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  • Price: $475,000
  • Bedrooms: 5
  • Bathrooms: 4 (full)
  • Sq. Feet: 1,672
  • Garage: 2 Garage Detached
  • Acreage: 0.56
  • Year Built: 1930
  • School District: ONTEORA
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
    Heather Rieker
Property Type: Multi-Unit

Description: Multi-dwelling income property with an 8% cap rate! Property includes a 3 bedroom 2 bathroom single family home, two 2-bedroom cottages, and a 1000 sq ft garage with spacious loft area. Owners have been diligent about maintenance and there are almost too many updates to list, including: lifetime shingles, seamless gutters, and new glass cook top in the house; updated floors, appliances, kitchen counters/cabinets and plumbing/electric upgrades in the cottages; seamless gutters and separate electric meter installed on the garage. All dwellings and garage are currently rented at market value- start earning a return on your investment immediately! Excellent location on a corner lot on Route 28, close to Woodstock and Kingston and a stone's throw from the Ashokan Rail Trail.
Annual expenses listed reflect a number of larger improvements/upgrades the sellers did since purchasing the property in 2013.


FEATURES:
NUMBER OF UNITS: 3
UNIT 1 -RENT: 1500
ZONE: Res
LOT DIMENSIONS: .56
UNIT 1 -LEASE: Y
UNIT 2 -LEASE: Y
UNIT 4 -LEASE: Y
UNIT 2 -RENT: 900
UNIT 3 -RENT: 1300
UNIT 4 -RENT: 1000
APPLIANCES: Dryer, Dishwasher, Exhaust Fan, Oven-Built In, Refrigerator, Range, Washer
LOT FEATURES: Corner Lot, Level
LOT/SITE: Rural
WATER: Drilled Well, Shared
KITCHEN DESCRIPTION: Breakfast Bar, Eat-In