312 Shawangunk Lake Road, Pine Bush, (Shawangunk), NY, 12566
4 beds
2 Full baths
1968
Raised Ranch
2,072 sqft
Welcome to an exceptional opportunity in Pine Bush, NY a meticulously renovated duplex that perfectly caters to those seeking to lower theircost of living through rental income or secure stable returns without the hassle of unexpected repairs. This side-by-side duplex offers two distinctunits: a spacious 3-bedroom, 1-bathroom residence that lives like a single-family home, and a generous 1-bedroom, 1-bathroom apartment.Renovated in 2023, this property boasts upgrades including a new kitchen, bathroom, appliances, flooring, insulation, and new drainage tomaintain a dry environment. Both units feature convenient in-unit washer and dryers, and additional basement storage. Each unit has its owndriveway, ensuring tenant privacy. Conveniently located just minutes from Highway Route 17, residents have easy access to town amenities,Sam's Point/Minnewaska, and Resorts World Casino, making leisure activities and entertainment readily accessible. Currently, both units areleased until May and December of 2024, providing immediate rental income. The units come with separate utilities which the tenants pay underthe current lease. With a current 7.5% Cap rate under conservative underwriting, this property presents a solid investment opportunity.Financials are available upon request. Whether you're in search of an owner-occupied residence with income potential or a lucrative investmentopportunity, this property offers versatility to suit your needs
Status:
Active
Town:
Pine Bush
Type:
Multi-family
Units:
2
Garage:
2-car Attached, 2 Car Attached, Driveway
Heating:
Oil, Baseboard
Cooling:
None
Basement:
Partial, Walk-Out Access
Acreage:
0.49
Est. Taxes:
$5,271
Assessment
$48,000
Construction
Frame
Lot Description:
Level
Elementary School:
Call Listing Agent
Middle School:
Crispell Middle School
High School:
Pine Bush Senior High School
School District:
Pine Bush
MLS #:
H6295082
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of BHHS Hudson Valley Properties (845) 255-9400