$ 299,000
18 Mountain TPKE Catskill, NY 12414
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Listed by Michael Magliocca • Century 21 New West Properties
$ 299,000
Est. payment | /mo
10 Beds
7 Baths
4,928 SqFt
$ 299,000
Est. payment | /mo
10 Beds
7 Baths
4,928 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,928 sqft
Price per Sqft $60
MLS Listing ID 154138
Bedrooms 10
Full Baths 7
Year Built 1920
Lot Size 2.000 Acres
Property Description
Opportunity awaits at 18 Mountain Turnpike! This six-unit apartment building offers a significant investment potential with a promising estimated gross income of $112,000 per year. Recent upgrades include a new 6-meter electric panel, a new heating system installed in 2020, and a state-of-the-art engineered 3,000-gallon septic system also from 2020.The property features ample parking for approximately six cars and includes a two-car garage with three storage units. Please note, the building is currently gutted and requires extensive structural and renovation work, with estimated repair costs ranging from $75,000 to $100,000 per unit. This property will not qualify for financing and is being sold AS-IS.This is a perfect project for the savvy investor ready to transform this space into a high-income-generating property. Don't miss out on this exciting opportunity!
Location
State NY
County Greene
Zoning HC
Interior
Heating Hot Water
Exterior
Garage 2 car
Roof Type Metal
Building
Foundation Stone
Sewer Septic Tank
Water Well
Schools
School District Catskill