$665,000
$699,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 12/13/2022
Key Details
Sold Price $665,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20221837
Sold Date 12/13/22
HOA Y/N No
Year Built 1988
Annual Tax Amount $14,621
Tax Year 14621
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions iregular
Property Sub-Type Multi Family
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Excellent Investment!!!! Cap Rate 8.6% with current rents below market value! Conveniently located in middle of village within walking distance to school, shopping and restaurants. Large duplex apartments that have been well maintained and are fully rented. Each apartment has its own basement with washer/dryer hook up and separate furnace room. Kitchen, Living room and half bath located on 1st floor, bedroom(s) and full bath located on second floor. Black top driveway with plenty of parking spaces, large backyard that tenants can use for children's play area, BBQ, etc. Tenants pay all utilities (heat, electric) there are 6 separate water meters for each apartment. Owner pays - taxes, insurance, garbage, lawn maintenance and snow plowing/removal. Currently owner pays for water for 3 tenants up to $250/quarter each.
Location
State NY
Area Wawarsing
Zoning 05
Exterior
Garage No
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