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Philmont,NY 12565
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,620 sqft
Price per Sqft $219
MLS Listing ID 20255073
Bedrooms 8
HOA Y/N No
Year Built 1974
Annual Tax Amount $5,115
Tax Year 5115
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 77.06 x 180
Property Sub-Type Multi Family
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Don't miss this investment opportunity in the Village of Philmont! With four well-kept, occupied units, this house is conveniently in the center of town & generates a solid income. Unlike many local multifamilies, this property was built to be an apartment house--so that all the apartments enjoy a superior, uncompromised layout. All apartments have minisplits for heating and cooling. The kitchens have all been upgraded with dishwasher and large pantry spaces. A garage is available for tenants. The property features new decking and a coin-op laundry in the basement. Plenty of additional storage place is also available in the basement. The property is set back from the street and includes mature trees plus a two car garage and a studio space. Philmont is emerging as the affordable alternative to Hudson, which is just ten minutes away. The charming village is attracting a diverse population as its amenities increase; including the Hawthorne Valley Farm store and School just minutes away; the welcoming Food Coop on Main St, the High Falls Conservation area; and the exciting Summit Mills development project for artists and culinary endeavors. The Harlem Valley Rail Trail is slated to open in the near future. The owners have done many upgrades, giving the buyer a turnkey investment. This investment opportunity yields a solid 8 cap return for the investor.
Location
State NY
County Columbia
Area Philmont
Zoning 07
Rooms
Basement Unfinished
Interior
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 4
Garage Yes
Building
Story 2
Schools
High Schools Taconic Hills Central Schools
School District Taconic Hills Central Schools
Others
Senior Community No
Tax ID 113.9-1-57