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A Rare Catskills Investment Opportunity! A 4-Unit Multi-Family at 526 Mountain Avenue in the hamlet of Purling.
Discover one of the Catskills' most scenic income-producing properties at 526 Mountain Avenue, perfectly positioned at the corner of Mountain Avenue and Falls View Lane in the storybook hamlet of Purling. This fully configured 4-unit multi-family sits on 1. 48 acres overlooking the Shingle Kill Trout Stream, with sweeping views of the Blackhead Mountains as your daily backdrop. With 10 bedrooms spread across four well-appointed units and each tenant responsible for their own utilities, this property is structured to keep operating expenses lean and cash flow predictable.
The units are thoughtfully laid out. Unit 1 offers 3 bedrooms, a full bath, a kitchen, and a living room. Unit 2 features 2 bedrooms, a full bath, a kitchen, and a living room. Unit 3 steps it up with 2 bedrooms, a generously sized full bath complete with a Jacuzzi tub and shower, a kitchen with a pantry, and a living room. Unit 4 spans two floors and offers 3 or more bedrooms, a full bath, a kitchen, and a living room with a private walkout to a large deck. The property itself is as inviting as its surroundings. A wraparound covered porch, an expansive rear deck, a dedicated parking area, and generous yard space give tenants room to breathe and give you a property that attracts and retains quality renters.
The location may be your single greatest asset. Situated in the hamlet of Purling within the town of Cairo, 526 Mountain Avenue is walkable to Cairo's Main Street, where tenants and guests will find restaurants, bakeries, coffee shops, a craft brewery, shopping, and the Cairo Town Park. Beyond that, the surrounding Catskills region offers four seasons of draw. Windham Mountain is just 20 minutes away, Hunter Mountain 30 minutes, Green Lake and Zoom Flume Water Park 15 minutes, and Dutchman's Landing and the Hudson River are also within a short 15-minute drive. Year-round demand, four seasons of appeal, and the kind of location that keeps units consistently occupied.
To help you evaluate confidently before setting foot on the property, a 3D virtual tour and 3D sky tour are available, giving you an immersive look at the layout, scale, and setting from anywhere. Explore the tours, run your numbers, and come see why 526 Mountain Avenue is a Catskills investment opportunity worth serious consideration.
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $372,400 | $372,400 | $372,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $1,033 | $1,033 | $1,033 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,230 | $2,323 | $3,068 |
| Total Monthly Payment | $3,338 | $3,431 | $4,176 |
* 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.