GARDINER NY - ID: 20190216
On the Market
Ulster:20190216_1
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  • Price: $1,950,000
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 1.10
  • School District: NEW PALTZ
  • CONTACT
    Vetere Real Estate
    (845) 338-0571
    kvetere@vetererealestate.com
Property Type: Multi-Unit

Description: Unique investment opportunity with over a 9% cap rate! 2 Buildings, 1 Lot with 16 apartments Great location just a few miles outside the village of New Paltz & 90 miles from NYC Numerous capital improvements make this a solid investment. See Asscoiated Docs for a detailed list but they include: new roof, electric panels and heavy wiring feeds, gas water heaters, septic tanks, well pump, pressure tank, and 5 newly installed heat pump units providing heat and air conditioning to the 12 apartments in the large building to name a few. Many details of stain glass and wooden beams, hardwood floors. A community garden is in the backyard and a stream runs along the property boundary.
Seller is unable to provide a survey map. The acreage represented in the listing is not guaranteed, and is subject to facts a formal survey might provide. Acreage is currently shown based only on available public records.


FEATURES:
NUMBER OF UNITS: 15
ZONE: Ra-Com 1
LOT DIMENSIONS: 1.10 Acres
CONDITION: Very Good
APPLIANCES: Dryer, Range, Refrigerator, Washer, Water Softener, Whole House Filter System
ELECTRICITY: 100 Amps
LOT FEATURES: Parking Lot, Flood Zone
LOT/SITE: Rural
WATER: Drilled Well

Listing courtesy of: Bhhs Hudson Valley Prop-Np, Bhhs Hudson Valley Prop-Np / Listing Agents: Li Yan Xiao, Donna Brooks
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