INVESTMENT OPPORTUNITY IS KNOCKING!! - Excellent value in this 4 family rental. Live in one and rent out all 3. Only 8 minutes to the village of Phoenicia, 15 minutes to Hunter and 2.5 hrs to NYC. Fishing, kayaking, snow tubing, skiing, music festivals and restaurants near by. 3 out of the 4 units were updated in the past 15 years. Roof was done in the last 5 years. Some windows have been replaced and the boiler in #4 is new. Electric is serviced by NY State Electric and gas which is lower than Central Hudson E & G. Cap rate at asking price is 7.43% - See associated docs for the full income & expense sheet.
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Basic Information
Acreage2.25
List Price$525,000
MLS Number20223467
MlsStatusACTIVE
Property Type4 Family
SewerSEPTIC-INGR.
StyleSPLIT LEVEL
TermsNONE
Year Built1972
Utilities
Cooling Air ConditioningWINDOW UNIT
Heat SourceBASEBOARD
Heating FuelOIL
Hot WaterOIL
Legal
Annual Expenses$10,931
General Tax$2,616
School Tax$3,043
Total Taxes5620
Location
Address13 Private Road
Area TownSHANDAKEN
Building Number13
High School DistrictOnteora Central
StateNY
StreetPrivate
TownChichester
Zip12416
ZoneR3
Interior
AmenitiesCOMMON LAUNDRY, GARDEN AREA, PLAY AREA
Fireplace DescriptionBRICK
Fireplace LocationLIVING ROOM
FloorsCARPET, CERAMIC, VINYL
Unit 1 Baths1
Unit 1 Bedrooms1
Unit 2 Baths1
Unit 2 Bedrooms1
Unit 3 Baths1
Unit 3 Bedrooms3
Unit 4 Baths1
Unit 4 Bedrooms3
Building
AtticOTHER/SEE REMARKS
BasementPARTIAL
ConstructionALUMINUM, FRAME/STICK
Garage Capacity2
Garage Parking Extras2 CAR
Garage TypeGarage Detached
RoofASPH SHINGLE
SidingALUMINUM
Unit 1 Rent600
Amenities
Other AmenitiesBasement, Fireplace, Garden, Waterfront
