202 Paul Saxe RD Active Save Request In-Person Tour Request Virtual Tour
Catskill,NY 12414
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $154
MLS Listing ID 153330
Bedrooms 8
Full Baths 8
Year Built 1982
Lot Size 1.700 Acres
Property Description
Investment opportunity in Catskill NY! 5 Unit income producing property with 4 apartment rentals that provide 2 bedrooms and 2 bathrooms each. The fifth remaining unit is a sizeable storage barn that is also rented. Each unit offers a simple open floor plan, with abundant light and modern amenities. Four of the eight bathrooms have been renovated in the last 5 years to help ensure tenant satisfaction so that the property will maintain a high occupancy rate and provide a solid and reliable income stream. The property also provides ample parking for each unit and the barn. This property currently generates a nearly 8% cap rate of return for the Landlord. With tenant turnover and actual fair market rents the cap rate could certainly be pushing 10%. This property is within minutes of Catskill's beloved Story Farm's fresh fruit, flowers, and vegetable stand. 10-15 minutes in either direction to the Village of Catskill, Saugerties, Cairo. Don't miss this rare opportunity to own a profitable, multi-unit property in one of the Hudson Valleys most desirable locations. Whether you're and experienced investor or looking to start your real estate portfolio, this property has a fantastic business model, is a work horse with consistent returns and long term growth.
Location
State NY
County Greene
Zoning 08-RA-1.5
Interior
Heating Electric
Exterior
Garage parking lot
Roof Type Asphalt
Building
Foundation Slab
Sewer Private Sewer
Water Private,Well
Schools
School District Catskill