$350,000
$369,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
9,147 Sqft Lot
SOLD DATE : 08/23/2023
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20230731
Sold Date 08/23/23
Style Other
HOA Y/N No
Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Year Built 1965
Annual Tax Amount $7,412
Tax Year 7412
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 0.21 acres
Property Description
Investment opportunity on popular Main Street in Rosendale! This multi-family house has 4 separate units, all of which are currently occupied by tenants who would like to stay. All units are one-bedroom, one bath, differing in size. Some features include wood floors, large windows, newer kitchen cabinets and tub/shower combo in bathrooms. Also included is off street parking with shared driveway and a shared backyard, both maintained by current owner. Conveniently located between Kingston and New Paltz, on the UCAT bus route, walking distance to Trailways Bus stop as well as many great restaurants, the Rosendale Theatre and other shops on Main Street. Cap rate based on current rate is 7, rents are under market value and could easily be increased, improving the cap rate to at least 10%.
Location
State NY
Area Rosendale
Zoning R3
Rooms
Basement Full
Interior
Heating Baseboard, Hot Water, Oil
Flooring Ceramic Tile
Exterior
Utilities Available Cable Available
Roof Type Asphalt,Shingle
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
High Schools Rondout Valley Schools
School District Rondout Valley Schools
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP