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52 Main Street, Philmont, NY, 12565 | $285,000
52 Main St, Philmont, NY Investment Opportunity with Mountain Views & Positive Cash Flow
Turnkey two-unit property in the heart of the Village of Philmont offering immediate positive cash flow and strong rental appeal. Each unit features 2 bedrooms and 1 full bath, updated interiors, and desirable outdoor living spaces including a private porch and balcony for each apartment. Apartment Two boasts sweeping Catskill Mountain views, capturing the full mountain range and creating a standout feature tenants love.
Both units are currently rented, providing instant income for investors seeking stability from day one. Situated as one of the last row houses in the village, this property blends historic charm with practical updates and village convenience.
Whether you're expanding your portfolio or entering the investment market, this income-producing property checks all the boxes. Positive cash flow. Two 2BR/1BA units. Private porch (apt 1) & balcony (apt 2) for each unit. Catskill Mountain range views. Both units currently rented. Village of Philmont location.
Solid numbers, strong tenant appeal, and interior and exterior updates complete. This property is truly a worry free investment purchase. Offering a dedicated off road driveway with public water & sewer.
Invest, live and love the Village of Philmont.
Features
- Bedrooms: 4
- Units: 2
- Laundry: In Unit
- Style: Traditional
- Year Built: 1894
- Heating: Forced Air
- Cooling: None
- Acreage: 0.21
- Est. Taxes: $3,826
- Lot Desc: Sloped
- View: Mountain(s), Neighborhood, Panoramic
- School District: Taconic Hills
- Appliances: Range, Refrigerator, Washer/Dryer
- Owner Pays: All Utilities
- MLS#: 20261212
- Days on Market: 41 days
- Website: https://www.raveis.com
/prop/20261212/52mainstreet_philmont_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 RegionListing courtesy of Davala Real Estate, LLC
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
52 Main Street, Philmont, NY, 12565
$285,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $228,000 | $228,000 | $228,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $319 | $319 | $319 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,349 | $1,404 | $1,848 |
| Total Monthly Payment | $1,743 | $1,798 | $2,242 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535