$500,000
$599,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
4,791 Sqft Lot
SOLD DATE : 11/04/2022
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20221330
Sold Date 11/04/22
HOA Y/N No
Year Built 1800
Annual Tax Amount $9,203
Tax Year 9203
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions .11 Acres
Property Sub-Type Multi Family
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Well maintained 5 unit investment property for sale in the highly desirable Hamlet of Wallkill. Owner retiring after owning this property for 19 years. This is a turn key property with recent updates including new exterior vinyl siding installed on the entire building just last fall. Municipal water and sewer and natural gas. All units are rented with zero vacancies over many years. Tenants pay for heat, hot water, and electric. Coin operated washer and dryer. Off street parking for 10 cars at rear of building. Current gross income is $57,900 due to some long term tenants. Potential gross annual rents in the $70,000 to $75,000 range. Great location with huge rental demand and rising rents in the Hamlet of Wallkill just north of Newburgh and Middletown and south of New Paltz. Property Management is available which would allow the property to basically run itself.
Location
State NY
Area Shawangunk
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Flooring Varies
Exterior
Roof Type Asphalt,Shingle
Garage No
Building
Sewer Public Sewer
Water Public
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