5354 New York 23, Windham, NY 12496
5354 New York 23, Windham, NY 12496
5354 New York 23, Windham, NY 12496
5354 New York 23, Windham, NY 12496
5354 New York 23, Windham, NY 12496
5354 New York 23, Windham, NY 12496
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Listed by: Coldwell Banker Village GreenW
$ 1,725,000
Est. payment | /mo

7 Beds

8 Baths

1,496 SqFt


Save
$ 1,725,000
Est. payment | /mo
Save

7 Beds

8 Baths

1,496 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,496 sqft

Price per Sqft $1,153

MLS Listing ID 20266581

Style Victorian

Bedrooms 7

Year Built 1900

Annual Tax Amount $4,019

Tax Year 4019

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Multi Family

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

Property Description

Location, income, and opportunity come together in this exceptional mixed-use investment property in the heart of Windham's thriving Main Street business district. Generating over 10,000 in gross monthly rental income, this multifaceted offering includes five fully occupied residential apartments, approximately 1,500 square feet of leased commercial space, and an adjoining .24-acre building lot on a separate tax parcel with access to town sewer and water. With established tenants already in place, this is an attractive turnkey investment with income from day one and exciting potential for future expansion.

Ideally positioned in a high-visibility, high-traffic location, the charming Victorian-style main building has been converted to accommodate both commercial and residential uses. The first floor features approximately 1,500 square feet of retail/professional office space with two public bathrooms. A lovely covered front porch adds character and an inviting presence along Main Street.

The residential component includes five separate apartments. Upstairs in the Main house are two sunny residences: a two-bedroom, one-bath apartment and a spacious two-bedroom, two-bath apartment with in-unit laundry and access to a private balcony, both with separate entrances. A ground-level side apartment offers one bedroom and one bath. Toward the rear of the property, a converted garage houses two additional one-bedroom, one-bath apartments. All five apartments are occupied, providing an established residential rental income stream. Off-street parking adds convenience, and is connected to municipal water and sewer.

And there's more! Included in this offering is an adjoining .24-acre building lot with access to municipal water and sewer hookups. This valuable addition presents an opportunity to expand your Main Street footprint with another mixed-use building, potentially combining commercial and residential space, (subject to municipal approvals)

The location couldn't be better! Situated among Windham's shops, restaurants, movie theater, and local businesses, with the school nearby and Windham Mountain Club just one mile away. Windham's four-season appeal, from skiing and golf to hiking, mountain biking, festivals, and year-round recreation, makes this an attractive destination in the Northern Catskills and a beautiful place to live, work and play.

Five apartments. Leased commercial space. Over 120,000 in annual gross rental income. An additional .24-acre building lot. One outstanding Main Street investment opportunity.

Location

State NY

County Greene

Area Windham

Zoning BR

Rooms

Basement Finished, Interior Entry, Storage Space, Walk-Out Access

Interior

Interior Features Eat-in Kitchen, Entrance Foyer, High Speed Internet

Heating Baseboard, Electric, Oil

Flooring Laminate, Linoleum, Wood

Equipment Varies by Unit

Laundry In Unit

Exterior

Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected

View Downtown, Mountain(s), Neighborhood

Roof Type Asphalt,Shingle

Porch Covered, Deck, Front Porch

Garage No

Building

Lot Description Flag Lot, Level

Story 2

Foundation Block, Combination, Stone

Sewer Public Sewer

Water Public

Architectural Style Victorian

Level or Stories Two

Schools

High Schools Wind-Ash-Jewett

School District Wind-Ash-Jewett

Others

Tax ID 10.1

Acceptable Financing Owner May Carry

Listing Terms Owner May Carry

NEARBY SCHOOL & BUSINESS

Jason Dugo

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY 12477, United States

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5354 New York 23