New Listing - 05/06/2024

$875,000 ($121.53 per sqft)

Est. Mortgage $4,540/mo *

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0 beds

11 Full baths

1960

7,200 sqft

Introducing a remarkable investment opportunity nestled within the scenic surroundings of Tannersville, NY. This property boasts 9 apartments and 2 commercial office spaces, spread over a .93-acre parcel. Located a mere 3 miles from the thrilling slopes of Hunter Mountain Ski Resort and 2 miles from the serene beaches and trails of North/South Lake, this property promises a unique blend of serene living and outdoor adventure. Offering an attractive proposition for investors, this property generates considerable rental income with a strong history of full occupancy. Annual income is $102,120, expenses are approximately $42,118 with a $60,002 annual profit. The diverse array of living spaces includes studios, one-bedroom units, and exclusive units featuring lofts, with rental rates ranging from $750 to $925 per month. In addition to the residential units, the two office spaces have potential to yield $500 per month A lasting testament to its appeal is the current ownership stretching over 35 years, during which it has attracted and retained responsible tenants. Conveniently located just 2 hours from NYC, this property stands out as a gateway to the plethora of leisure activities the area has to offer, including skiing at Hunter and Windham Mountains, hiking at Katterskill Falls, and several nearby golf courses. With such a diverse range of attractions, this investment opportunity is poised to attract a steady stream of tenants year-round. View at https://www.youtube.com/watch?v=u3Iydnq2LKc (Youtube video is dated 2013 and was created by the owner/seller). Photos provided in this listing are owned by the seller. The photos have been taken over the years.

Status:

Active

Town:

City Not Found

Type:

Multi-family

Units:

9

Heating:

Electric

Basement:

Slab

Acreage:

0.93

Assessment

$141,700

High School:

Hunter Tannersville

School District:

Hunter-Tannersville

Days on Market:

12

MLS #:

152566

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Coldwell Banker Village Green - Windham