$1,100,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
4,400 SqFt
SOLD DATE : 04/29/2025
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $250
MLS Listing ID 20243088
Sold Date 04/29/25
Bedrooms 8
HOA Y/N No
Year Built 2024
Annual Tax Amount $7,917
Tax Year 7917
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Quadruplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Attention Investors! Brand new 4-unit apartment building offering modern luxurious living. Each spacious 2 bedroom, 1 1/2 bath apartment is meticulously designed, including a stunning kitchen with upgraded cabinets, stainless appliances, stone counters, DW and premium vented hoods. 10' ceilings and open floor plan seamlessly connects living and dining areas, ideal for entertaining and comfort. The high-end bathrooms feature premium Moen fixtures, tiled tub, mirrored medicine cabs, and 8' glass doors. Large closets and large windows abound providing abundant storage, light & air. Each unit has separate very high-efficiency 2-zone central heating & cooling. All utilities are separately metered and paid by the tenants. Each units features a grand oak staircase, washer/dryer closet, 2 off-street parking spots, private entrance, private deck, and double sound barrier walls between units. All units rented quickly yielding an impressive annual income of $114,570 with a conservative 5% vacancy factor, yielding an attractive 8%+ cap rate after expenses. Located in the charming Village of Wurtsboro, the town in the Catskills closest to NYC, nature enthusiasts can enjoy several nature trails that run thru town and many wonderful nearby mountain attractions, and with the town's many galleries, restaurants and shops, this property promises not only financial rewards but also a vibrant community atmosphere. Don't miss out on this one-of-a-kind investment opportunity.
Location
State NY
County Sullivan
Area Sullivan
Zoning C1
Interior
Heating Natural Gas
Fireplace No
Exterior
Roof Type Asphalt
Garage No
Building
Story 2
Sewer Private Sewer
Water Public
Level or Stories Two
Schools
High Schools Monticello Central Schools
School District Monticello Central Schools
Others
Senior Community No
Tax ID 4003-106-0-0002-009-000
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