4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
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Listed by: Halter Associates Realty
$ 1,775,000
Est. payment | /mo

15 Baths

5,960 SqFt

Save
$ 1,775,000
Est. payment | /mo
Save

15 Baths

5,960 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,960 sqft

Price per Sqft $297

MLS Listing ID 20264450

Year Built 1960

Annual Tax Amount $13,225

Tax Year 13225

Lot Size 4.500 Acres

Acres 4.5

Property Sub-Type Other

Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Property Description

Woodstock Apartment Complex - Rare opportunity to acquire an established 15-unit multifamily investment in the Woodstock, NY Hamlet of Wittenberg. Situated on 4.5 acres in a peaceful rural setting, the property combines stable income with significant value-added potential in one of the Hudson Valley's strongest, most sought-after rental markets. The complex consists of 15 studio and one-bedroom apartments housed within a main building which also includes a lobby/common entry area. Two detached outbuildings provide ancillary space for management offices, tenant laundry facilities and additional storage. Designed for efficient operation, each apartment is equipped with individually metered electric service, with electric heat and electric stovetops throughout, allowing tenants to pay for their own utilities. The property is served by a private well and a recently reconstructed septic system completed through the DEP's Catskill Watershed Corporation, providing peace of mind for future ownership. Roofing on the main building is new. Cable/wifi and common area maintenance provided by landlord. Steady passive income generated by a pro forma CAP rate of 7.3 can readily be improved upon. Despite consistently strong rental demand, at least 5 apartment units are scheduled to be delivered vacant, allowing a new owner to address deferred maintenance, upgrade finishes and lease units at market rates without tenant displacement. Great location between the villages of Woodstock and Phoenicia with all the Hudson Valley/Catskill Mountain has to offer--world class natural beauty, hiking, biking, fishing, skiing, arts, live music, culture and cuisine--all in one place!

Location

State NY

County Ulster

Area Woodstock

Zoning R5

Interior

Heating Baseboard, Electric, Varies by Unit

Flooring Ceramic Tile, Combination, Laminate

Exterior

Exterior Feature Rain Gutters

Utilities Available Cable Connected, Electricity Connected, Water Connected

Roof Type Asphalt,Shingle

Building

Lot Description Cleared, Sloped Down, Wooded

Foundation Slab

Sewer Engineered Septic, Private Sewer

Water Well

Others

Tax ID 36.2-1-5

Acceptable Financing Trust Conveyance

Listing Terms Trust Conveyance

NEARBY SCHOOL & BUSINESS

Jason Dugo

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY 12477, United States

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4 White Birch LN