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Listed by Carol Spirig, Halter Associates Realty
Welcome to the unique opportunity to reside in the country and generate income by living in old Chichester. This building was previously a furniture factory that has been transformed into five apartments. This restored factory offers a distinctive living experience, blending rustic charm with modern amenities. Building was stripped to its bones and restored by the previous owner. Enjoy country living in Old Chichester with its historic charm, modern renovations and close proximity to all the Hudson Valley has to offer. Easy access to hiking trails, skiing and an abundance of outdoor activities. Excellent investment. NOI income offers a 7% cap rate with low vacancy rate. Coin operated washer and dryer on premises. Ample parking for tenants. Spacious third floor loft apartment is intentionally vacant now. Perfect to owner occupy.
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Basic Information
- Acreage0.6
- List Price$960,000
- MLS Number20232397
- MlsStatusACTIVE
- Property TypeMulti-Unit
- SewerCOMMUNITY
- Units5
- Year Built1850
Interior
- Fireplace DescriptionNONE
- FloorsCERAMIC, WOOD
- Unit 1 Baths1
- Unit 1 Bedrooms2
- Unit 2 Baths1
- Unit 2 Bedrooms2
- Unit 3 Baths1
- Unit 3 Bedrooms3
- Unit 4 Baths1
- Unit 4 Bedrooms2
- Unit 5 Baths1
- Unit 5 Bedrooms1
Location
- Address553 Route 214
- Area TownSHANDAKEN
- Building Number553
- High School DistrictOnteora Central
- StateNY
- StreetRoute 214
- TownChichester
- Zip12416
- Zoner
Utilities
- Cooling Air ConditioningNONE
- Heat SourceBASEBOARD, HOT WATER
- Heating FuelOIL
- Hot WaterOIL
Other
- AppliancesRANGE, REFRIGERATOR
- Electricity200 AMPS
- Lot15.12
- Lot Dimensions0.6
- Lot FeaturesADJACENT TO STATE LAND
- Lot SiteRURAL
- Miscellaneous FeaturesCEILING-BEAMED, CEILING-CATHEDRAL
- PlumbingMIXED
- Short SaleNo
- View Count7
Building
- BasementFULL, UNFINISHED
- ConstructionFRAME/STICK
- Garage Capacity
- Garage Parking ExtrasDRIVEWAY, DRIVEWAY-SHARED, LOT-PAVED, OFF STREET
- Garage TypeNone
- RoofASPH SHINGLE
- SidingWOOD
- Unit 1 Rent1450
Amenities
- Other AmenitiesBasement
Water Body
- Lfd WaterDRILLED WELL
Legal
- Annual Expenses$30,424
- ForeclosureNo
- General Tax$3,960
- School Tax$4,580
- Total Taxes9560
- Viltax$1,020
20232397
Chichester, NY Demographics
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20232397
Chichester, NY Real Estate Market Data
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There is no data available
20232397
Chichester, NY Schools
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