167 State Route 23 Under Contract Save Request In-Person Tour Request Virtual Tour
Claverack,NY 12513
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $115
MLS Listing ID 152736
Bedrooms 30
Full Baths 16
Year Built 1971
Lot Size 2.130 Acres
Property Sub-Type Multi Family
Property Description
It's rare to come across such a unique investment opportunity in our area. The current property owner has maintained and cared for this property since 1978, with tenants rarely leaving. Most tenants have resided there for over a decade. The property spans 2.13 acres and comprises four separate buildings, each housing four rental units, totaling 16 apartments. There are 14 two-bedroom apartments and two one-bedroom apartments. Tenants cover their heat and utilities, except for the rear colonial building where the owner pays for oil heat. While only three apartments in the colonial building have dishwashers, all other apartments are furnished with a stove, refrigerator, dishwasher, water heater, microwave, and air conditioner. Tenants have access to two parking lots, with the owner handling trash removal, snow removal, lawn maintenance, and providing coin-operated laundry facilities. All tenants are on a month-to-month lease, and there's a waiting list for apartments. The current annual gross rental income is $137,000 with expenses at $67,139. Rents are currently below market value, averaging $812.00 per apartment. The complex is fully occupied, with one unit under renovation and another used by the owner when in the area. This is a fantastic opportunity for serious investors to benefit from the owner's hard work. Proof of funds is required before showings.
Location
State NY
County Columbia
Interior
Heating Electric,Oil
Exterior
Parking Features 2 Parking Lots
Roof Type Asphalt,Shingle
Building
Foundation Block
Sewer Septic Tank
Water Well
Schools
School District Hudson