5635 Route 82, Clinton Corners, (Stanford), NY, 12514
5 beds
4 Full baths
1900
Colonial, Cottage
5,272 sqft
Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This remarkable property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units boast long-term tenants, with current rents positioned below market rates, suggesting a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property not only promises a robust current income but also the opportunity to enhance its capitalization rate. Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ALL OFFERS are welcome for consideration.
Status:
Active
Town:
Clinton Corners
Type:
Multi-family
Units:
4
Garage:
Assigned, Driveway, Parking Lot
Heating:
Oil, Baseboard, Hot Water
Cooling:
Window Unit(s)
Basement:
Bilco Door(s), Full, Unfinished
Parking:
7-car
Acreage:
1.86
Est. Taxes:
$7,078
Assessment
$475,000
Construction
Frame, Stone, Wood Siding
Lot Description:
Level
View Description:
Panoramic
Elementary School:
Seymour Smith Intermediate Lrn Ctr
Middle School:
Stissing Mountain Jr/Sr High School
High School:
Stissing Mountain Jr/Sr High School
School District:
Pine Plains
MLS #:
H6293201
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Corcoran Country Living (845) 876-6676