178 Main Street, Philmont, NY, 12565 | $390,000

Discover an exceptional investment opportunity with this spacious, fully updated three-unit property offering over 3, 500 square feet of living space. Designed for both strong current returns and future income growth, this turnkey asset is ideal for investors seeking immediate cash flow with upside potential. Or owner occupants looking to offset living expenses.
The building features three well-maintained and thoughtfully updated apartments:
Unit 1: Generous 3-bedroom, 1. 5-bath layout
Unit 2: Comfortable 2-bedroom, 1-bath unit
Unit 3: Efficient and desirable 1-bedroom, 1-bath unit
Two units are currently rented with leases in place. All units are clean and updated minimizing upfront expenses and vacancy concerns. A newer boiler adds peace of mind and operational efficiency.
Conveniently located just 15 minutes from Hudson and Amtrak, and only 2 minutes from the Taconic State Parkway, this property offers excellent accessibility for commuters and tenants alike--enhancing its long-term rental appeal.
With strong in-place income and room to increase rents over time, this is a high-performing, low-maintenance investment in a desirable location. A rare opportunity to acquire a fully operational, income-producing property that's ready to deliver from day one.

Features