SHAWANGUNK
312 Shawangunk Lake Rd, Pine Bush, NY 12566
$480,000
- MLS ID: 20240605
- Remarks: Welcome to an exceptional opportunity in Pine Bush, NY— a meticulously renovated duplex that perfectly caters to those seeking to lower their cost of living through rental income or secure stable returns without the hassle of unexpected repairs. This side-by-side duplex offers two distinct units: a spacious 3-bedroom, 1-bathroom residence that lives like a single-family home, and a generous 1-bedroom, 1-bathroom apartment. Renovated in 2023, this property boasts upgrades including a new kitchen, bathroom, appliances, flooring, insulation, and new drainage to maintain a dry environment. Both units feature convenient in-unit washer and dryers, and additional basement storage. Each unit has its own driveway, ensuring tenant privacy. Conveniently located just minutes from Highway Route 17, residents have easy access to town amenities, Sam's Point/Minnewaska, and Resorts World Casino, making leisure activities and entertainment readily accessible. Currently, both units are leased until May and December of 2024, providing immediate rental income. The units come with separate utilities which the tenants pay under the current lease. With a current 7.5% Cap rate under conservative underwriting, this property presents a solid investment opportunity. Financials are available upon request. Whether you're in search of an owner-occupied residence with income potential or a lucrative investment opportunity, this property offers versatility to suit your needs.
- Listing Category: Multi-family
- Status Category: Active
- Zone: Rag-2 -
- Acreage: 0.49
- Year built: 1968
- Age: 41-60
- Bedrooms: 4
- Basement: Partial, Walkout
- Attic: Scuttle
- Number of Units: 2
- Unit 1 Bedrooms: 3
- Unit 1 Baths: 1
- Unit 2 Bedrooms: 1
- Unit 2 Baths: 1
INTERIOR FEATURES
- Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
- Flooring: Mixed
UTILITIES
- Heat Source: Baseboard
- Heating Fuel: Oil
- Hot Water: Electric
- Water: Drilled Well
- Electricity: 200 Amps
- Sewer: Septic-ingr.
EXTERIOR FEATURES
- Garage Type: Garage Attached
- Garage Capacity: Two
- Garage/Parking Extras: Driveway
- Driveway: Blacktop
- Style: Duplex
- Construction: Frame/stick
- Lot Dimensions: 139ft By 184f
- Lot: 15
LOCATION DETAILS
- Area/Town: Shawangunk
- School District: Pine Bush Schools
- County: Ulster County
- Directions: Heading South On Burlingham Rd Make A Left On Shawangunk Lake Rd. The Property Is On The Right.
LISTED BY
- Office Name: Bhhs Hudson Valley Prop-np
- Agent First Name: Trevor
- Agent Last Name: Naumann
View on map / Neighborhood
This Ulster County property is located in Pine Bush and has been listed on Grist Mill Real Estate. This property is listed at $480,000. It has 4 bedrooms, and is in area. The property was built in 1968.