6 Unit Diamond in the rough investment opportunity. This is a rehab project with earning power potential of 100,000/yr. Needs approx 200,000 in repairs including roof. Being sold as-is with a dilapidated 4 car garage that can be converted into ADU/Workshop/Studio, off street parking, full basement/solid foundation, heat and hot water included. 3 of 6 units are rented. 3 are vacant. We are not selling the cap rate. Steps to Main St and waterfront parks. 1/2 mile to Rip Van Winkle Bridge. This is not for the novice investor. Being sold as-is, no inspection contingencies.
Type:
Single-family residential
Basement:
Full, Unfinished
Parking:
Driveway, Garage, On Street
Utilities
Electricity Connected
Elementary School:
Catskill Elementary School
Middle School:
Catskill Middle School
High School:
Catskill Senior High School
School District:
Catskill
91 Bridge Street, #93, Catskill, NY, 12414
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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