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Key Details
Sold Price $635,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,992 sqft
Price per Sqft $159
MLS Listing ID H6268485
Sold Date 02/02/24
Bedrooms 9
Full Baths 5
Half Baths 1
Originating Board onekey
Year Built 1930
Annual Tax Amount $13,000
Lot Size 7.500 Acres
Acres 7.5
Property Description
STOP THE CAR! Unique opportunity to own this 5 unit investment property located in the heart of Ulster County and apple country! Situated on 7.5 bucolic acres, 3 stand alone cottages and an old style 2 Family, consisting of four 2 bedroom units, and a 1 bedroom. Amazing CASH FLOW! Almost $100K in yearly gross income, and almost $70K current NOI. Tasteful updates throughout keeping the old-style charm with a new age twist! All units occupied and current. Separate electric meters on all units. List price is at a 9% CAP! THIS WILL NOT LAST!
Location
State NY
County Ulster
Rooms
Basement Crawl Space, Full, None, Unfinished
Interior
Heating Electric, Oil, Propane, Baseboard
Cooling None
Fireplace N
Exterior
Garage Driveway, Parking Lot, Off Street
Parking Type Driveway, Parking Lot, Off Street
Total Parking Spaces 8
Garage No
Building
Lot Description Part Wooded
Sewer Septic Tank
Water Well
Structure Type Frame,Vinyl Siding,Wood Siding
Schools
Elementary Schools Highland Elementary School
Middle Schools Highland Middle School
High Schools Highland High School
School District Highland
Others
Senior Community No
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Bought with ARC Realty 1 in Sales