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Listed by Megan Brenn-White, Keller Williams Realty HV Nort
A unique opportunity to own this charming 1890s multi-family building sitting right on the Rondout Creek in the heart of Rosendale, one of the most charming hamlets in the Hudson Valley. It's absolutely perfect for an investor, for anyone who wants to spend all or part of their time in this area while offsetting their costs with rental income, or someone who wants to convert it to a generous single-family home! The building is comprised of two separate units, one duplex (East Unit) with 2 bedrooms and 1 bathroom over 2 floors (approx. 782 sq ft) and the other (West Unit) with 4 bedrooms and 2 bathrooms over 3 floors (approx. 1,816 sq ft)-both sharing a lovely front covered porch. There is plenty of parking and residents will be surrounded by the beauty of the Rondout Creek which is right in the large backyard and visible from the interior of the apartments and the back deck (but no flood insurance necessary because the home sits high above the creek!). Recent improvements in the last 2 years include new hot water heaters, roof, and furnace. Perfectly situated right on Main Street in Rosendale, the building is just down the road from all of the shops, restaurants, movie theater, and farmer's market right on Main Street and the Rosendale Trestle and Wallkill Valley Rail Trail as well as hiking at the Mohonk Preserve Giant's Ledges. Residents will also enjoy being just 5 minutes to more great restaurants and shops in High Falls, 10 minutes to Stone Ridge and New Paltz, 15-20 minutes to Kingston, all of the popular farm-to-table spots in Kerhonkson & Accord, more hiking at Minnewaska State Park, and just 90 minutes to NYC (and only a 2-min drive to the frequent Trailways bus to/from the city!). Current tenants are paying below market rents. The projected gross income for a full-time Airbnb with 75% occupancy would be close to $109,500 (29.8% cap rate) with potential for more income with just a few cosmetic updates. For a long-term unfurnished rental, it would be approximately $50,400 (10.8% cap rate) and with fewer costs and maintenance. Happy to provide more information regarding projected income and expenses to any interested parties!

More Info

Basic Information

  • Acreage1.4
  • AppliancesRange, refrigerator
  • Broker ID724
  • Broker NameKeller Williams Realty HV Nort
  • List Price$299,000
  • MLS Number20210508
  • MlsStatusPending Do Not Show
  • Property StyleOther
  • Property TypeSingle Family
  • Square Feet2,598
  • WaterMUNICIPAL

Utilities

  • Cooling Air ConditioningNONE
  • Heat SourceFORCED AIR
  • Heating FuelOIL, PROPANE
  • Hot WaterELECTRIC

Location

  • Address293 Main Street
  • Area TownROSENDALE
  • Building Number293
  • High School DistrictRondout Valley Schools
  • StateNY
  • StreetMain
  • Street DesignationStreet
  • TownRosendale
  • Zip12472

Interior

  • Bathroom3
  • Bedroom 2 Level2
  • Bedroom 3 Level2
  • Bedroom 4 Level3
  • Bedrooms6
  • Dining Room Level1
  • Family Room Level-
  • FloorsHARDWOOD
  • Kitchen Level1
  • Living Room Level1

Building

  • AtticSTAND UP
  • BasementUNFINISHED
  • ConstructionFRAME/STICK
  • Den Level-
  • Garage Parking ExtrasLOT
  • Garage Spaces
  • Garage TypeNone
  • Other 1 Level3
  • Other 2 Level3
  • Other BuildingsSHED
  • PorchDECK, OPEN
  • RoofASPH SHINGLE
  • Sqft 1st945
  • Sqft 2nd945
  • Sqft 3rd708
  • Utility LevelB
  • Year Built1890

Amenities

  • UsmAmenitiesBasement, Fireplace, Waterfront

Other

  • Electricity100 AMPS
  • Lot49
  • Lot DimensionsVariable
  • Lot FeaturesWATER FRONTAGE
  • ViewsCREEK
  • View Count26

Rosendale, NY Demographics

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Rosendale, NY Real Estate Market Data

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Rosendale, NY Schools

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