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Welcome to 423 Main Street, a rare investment opportunity located right in the heart of Rosendale. This fully occupied four-unit multifamily with an additional 1-bedroom accessory dwelling unit offers strong, stable income and long-term tenants with an excellent payment history. Total collected rent is an impressive $7, 550 per month, allowing an investor to step in and start generating profit immediately. The property sits along vibrant Main Street, placing residents within walking distance to shops, restaurants, and community amenities. Outdoor enthusiasts will love the ability to walk or bike directly to the nearby Wallkill Valley Rail Trail, with quick access to the Mohonk Preserve and Minnewaska State Park only minutes away. Commuters benefit from an easy drive to the New York State Thruway, making this an ideal location for both convenience and lifestyle. Tenants pay for their own electricity and personal utilities (cable/Wi-Fi). The owner covers heat, hot water, garbage service, and landscaping, offering simple, predictable management. Rent Roll: Apartment 1 – First Floor 1 Bedroom $1, 100 Apartment 2 – First Floor 2 Bedroom $1, 950 Apartment 3 – Entire Second Floor 3 Bedroom $2, 300 Apt 4 - Studio Attic Unit $600 Accessory Dwelling Unit (Rear Cottage) 1 Bedroom $1, 600 Total Monthly Income $7, 550 This can be a package deal with 425 Main St next door.
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Our Executive Mortgage Banker:
Our Insurance Division:
$835,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $668,000 | $668,000 | $668,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 6.110% | 5.932% |
| Monthly Tax Payment | $800 | $800 | $800 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,637 | $4,005 | $5,547 |
| Total Monthly Payment | $4,529 | $4,897 | $6,439 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.