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Great 4 unit investment property with a 9.77% cap rate at asking price. Property consists of a solid, renovated 3 family home, detached 2 bedroom mobile home and a detached 2 car garage. The home and trailer are set off the road on a sprawling 2 acre parcel great for owner use or land for tenants to enjoy. First floor 3 bedroom apartment has been recently vacated, we are leaving that unit vacant to make showings easier, owner will rent the unit prior to closing if a buyer requests. 9.77% cap rate at asking price includes all expenses, $1,200 lawn/snow expense, 3% vacancy rate and a 3% repair and maintenance expense. Owner pays the heat and hot water for the 3 family home (oil boiler) tenants pay the electric, mobile home tenant pays all their own expenses. There are two wells and two septic system on the property, one for the 3-family and one for the mobile home. 3-family has a newer concrete septic tank and a new septic line going from the house to the tank. The mobile home has a newer plastic septic tank. Roof on the 3-family is about 4-5 years old, architectural 30 year shingle. First showing we can only see the vacant 3 bedroom unit, utility room for the 3-family, 2 car detached garage and all the grounds. Second showing we can see all the other occupied units.

More Info

Basic Information

  • Acreage2
  • Lfd ConditionVERY GOOD, GOOD
  • List Price$295,000
  • MLS Number20180187
  • Property Type4 Family
  • SewerSEPTIC-INGR.
  • StyleTWO STORY
  • Unit 2 SqFt700
  • Unit 3 SqFt700
  • Unit 4 SqFt600
  • Unit 5 SqFt250
  • Units4
  • Year Built1969

Water Body

  • Lfd WaterDRILLED WELL

Location

  • Address1255 Lucas Ave
  • Area TownROSENDALE
  • Building Number1255
  • High School DistrictKINGSTONCONSOLD
  • StateNY
  • StreetLucas Ave
  • TownRosendale
  • Zip12472
  • ZoneA1

Interior

  • AmenitiesGARDEN AREA, PLAY AREA
  • Fireplace DescriptionNONE
  • FloorsCERAMIC, HARDWOOD, VINYL
  • Unit 1 Baths1
  • Unit 1 Bedrooms3
  • Unit 2 Baths1
  • Unit 2 Bedrooms1
  • Unit 3 Baths1
  • Unit 3 Bedrooms1
  • Unit 4 Baths1
  • Unit 4 Bedrooms2

Building

  • AtticST/CR
  • BasementFINISHED, FULL, WALKOUT
  • ConstructionFRAME/STICK
  • Garage Capacity2
  • Garage Parking ExtrasDRIVEWAY, OFF STREET, 3 CAR +
  • Garage TypeGarage Detached
  • RoofASPH SHINGLE, MEMBRANE
  • SidingALUMINUM
  • Unit 1 Rent1450
  • Unit 1 SqFt1400

Utilities

  • Cooling Air ConditioningCEILING FAN
  • Heat SourceBASEBOARD, FORCED AIR, HOT WATER
  • Heating FuelOIL
  • Hot WaterELECTRIC, OIL

Other

  • AppliancesRANGE, REFRIGERATOR
  • Electricity100 AMPS
  • Lot16
  • Lot DimensionsIrregular
  • Lot FeaturesLANDSCAPED, LEVEL, SLOPE-GENTLY
  • Lot SiteRURAL
  • PlumbingMIXED
  • Short SaleNo
  • StatusACT
  • View Count27

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Rosendale, NY Schools

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Listed by Gregory Berardi, Win Morrison Realty

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