3191 Route 23, Hillsdale, NY, New York, property flyer

3191 Route 23, Hillsdale, NY, 12529 | $1,200,000

Beautifully Updated 6-Unit Investment Property in Hillsdale, NY!
A turn-key opportunity in the heart of the Hudson Valley, this fully renovated 6-unit apartment building offers modern efficiency and low-maintenance living for tenants and owners alike. Each unit features 2 bedrooms and 1 bath, with bright interiors, private screened porches, and comfortable layouts. Each unit has its own separate electric meter, electric hot water heater and electric heat. Cap rate at asking price when fully rented will be 9. 70.

Recent upgrades include a brand-new septic system, new municipal water service, and a freshly paved drivewayâ€''providing peace of mind for years to come. The exterior has been fully refinished with contemporary dark siding, crisp white trim, and bold red doors for a clean, modern aesthetic that stands out beautifully against the wooded backdrop.

Located just minutes from the charming center of Hillsdale, this property offers excellent rental potential in a strong and steadily growing housing market near Catamount Ski Area, Great Barrington, and the Berkshires. Nestled in the scenic hills of Columbia County, Hillsdale blends small-town charm with outdoor adventureâ€''just over two hours from New York City. Residents and visitors alike enjoy hiking at Bash Bish Falls, skiing at Catamount, and exploring local cafÃ©s, farm markets, and art galleries in town. With its low-maintenance appeal, strong rental performance, and highly desirable location, this property makes an ideal addition to any investor's portfolio or a peaceful weekend retreat in the heart of the Hudson Valley.

Features

Property Type: Other
Heating: Baseboard, Electric, Separate Meters
Cooling: None
Zoning: RU
Lot Size: Irregular

Year Built: 1970
Acreage: 6.1
Est. Taxes: $11,022
Elem. School: Taconic Hills Elem
School District: Taconic Hills

Appliances: Electric Range, Range, Refrigerator
Owner Pays: Cable TV, Electricity, Telephone
MLS#: 20255422
Days on Market: 198 days
Website: https://www.raveis.com
/prop/20255422/3191route23_hillsdale_ny?source=qrflyer

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
Listing courtesy of Berardi Realty

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
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3191 Route 23, Hillsdale, NY, 12529

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$960,000	$960,000	$960,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.250%	6.000%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.165%	6.349%	6.183%
Monthly Tax Payment	$919	$919	$919
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$5,451	$5,911	$8,101
Total Monthly Payment	$6,494	$6,954	$9,144

* 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.