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Listed by Winton Morrison, Win Morrison Realty

Solid 7 unit apartment building with detached 1 bedroom cottage located in the convenient Wawarsing Town, close to Route 209, Ellenville and major shopping. This second generation owned property is well managed with a very low vacancy, most tenants are long term with well maintained apartments. There are (5) one bedroom units and (2) two bedroom, two story units and a 1 bedroom detached cottage. The apartment building has a large storage area/utility room that has a washer and dryer hookup. An oil boiler does heating and hot water and the owner also has a outdoor coal burning furnace if a buyer would like to keep the heating costs very low. Owner pays for all utilities, each unit has its own heating thermostat. At asking price the property has a 9.03% cap rate including all expenses, 5% repair and maintenance and a 5% vacancy rate. Motivated seller!! Full income and expense sheet is available. Land is on both sides of the street and property fronts the Rondout Creek, tenants can enjoy plenty of off street parking, yard space and fishing and boating on the Creek.

More Info

Basic Information

  • Acreage1.5
  • List Price$349,900
  • MLS Number20193895
  • Property TypeMulti-Unit
  • SewerSEPTIC-INGR.
  • StyleAPT. COMPLEX
  • Units8
  • Year Built1950

Interior

  • AmenitiesCOMMON LAUNDRY, GARDEN AREA, PLAY AREA
  • Fireplace DescriptionNONE
  • FloorsCARPET, CERAMIC, HARDWOOD, VINYL

Location

  • Address330 Route 55
  • Area TownWAWARSING
  • Building Number330
  • Elementary SchoolELLENVILLE PRE K-5
  • High School DistrictELLENVILLECENTR
  • StateNY
  • StreetRoute 55
  • TownNapanoch
  • Zip12586
  • ZoneComm

Utilities

  • Heat SourceBASEBOARD, HOT WATER, MULTI-FUEL FURNACE
  • Heating FuelCOAL, OIL
  • Hot WaterOIL

Other

  • AppliancesRANGE, REFRIGERATOR
  • Electricity200 AMPS
  • Lot33.12
  • Lot Dimensions1.5 Acres
  • Lot FeaturesLANDSCAPED, PARKING LOT, SLOPE-GENTLY, OTHER/SEE REMARKS, WATER FRONTAGE
  • Lot SiteRURAL, SUBURB, OTHER/SEE REMARKS
  • PlumbingMIXED
  • Short SaleNo
  • StatusACT
  • ViewsWATER
  • WoodstoveCOAL
  • View Count12

Building

  • AtticFINISHED, WALK UP, OTHER/SEE REMARKS, STAND UP
  • BasementCRAWL, SLAB, OTHER/SEE REMARKS
  • ConstructionFRAME/STICK
  • Garage Capacity
  • Garage Parking ExtrasDRIVEWAY, LOT-PAVED, OFF STREET
  • Garage TypeNone
  • RoofASPH SHINGLE, METAL
  • SidingVINYL
  • Unit 1 Rent700

Water Body

  • Lfd WaterDRILLED WELL
  • Water FeaturesCREEK, NAVIGABLE, WATER ACCESS, WATER FRONT
  • WaterwaysRONDOUT CREEK, OTHER

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Napanoch, NY Schools

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