ULSTER-Town of NY - ID: 20204559
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Ulster:20204559_1
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  • Price: $389,000
  • Bedrooms: 3
  • Bathrooms: 4 (full)
  • Sq. Feet: 3,864
  • Garage: None
  • Acreage: 0.21
  • Year Built: 1981
  • School District: KINGSTONCONSOLD
  • CONTACT
    Vetere Real Estate
    (845) 338-0571
    kvetere@vetererealestate.com
Property Type: 4 Family

Description: MULTIPLE OFFERS. HIGHEST AND BEST DEADLINE WEDNESDAY, 1//20/21 AT 12:00 This Town of Ulster 4-Family, with separate utilities, is conveniently located on a quiet street, close to shopping and schools. 4 identical, 966 sq. ft. units consisting of open living/dining/kitchen with cathedral ceiling, good-sized bedroom and full bath on main level and large open loft area with closet, on the second level. This loft area could be another bedroom, living/family/playroom or office. Tenants pay for trash removal and all utilities, except water and sewer. Rents are below current market rate due to long-term tenants. Current cap rate is 5.7% Net income and cap rate include a 5% vacancy rate. Projected rent for each apartment is between $900. and $1000., for an annual rent of between $43, 200. and $48, 000. Net projected income after expenses and 5% vacancy rate is between $26, 292. and $30, 852. making the projected cap rate between 6.7% and 7.9%
SHOWINGS TO BE SCHEDULED TUESDAYS 1-4, THURSDAYS 10-2 AND SATURDAYS 11-2. 24 Hours Notice. DUE TO COVID 19, only 1 apartment available for viewing at first showing. The other three apartments will be available for second showing. LISTING AGENT MUST ACCOMPANY, CALL TINSY SECHE, 914-388-4933


FEATURES:
NUMBER OF UNITS: 4
UNIT 1 -RENT: 892
ZONE: 33
LOT DIMENSIONS: 100x92.6
UNIT 1 -LEASE: 1 Yr
UNIT 2 -LEASE: Mtm
UNIT 1 -LEASE: Mtm
UNIT 4 -LEASE: Mtm
UNIT 2 -RENT: 850
UNIT 3 -RENT: 750
UNIT 4 -RENT: 750
APPLIANCES: Refrigerator, Range
ELECTRICITY: 100 Amps, Circuit Breakers
LOT FEATURES: Level
LOT/SITE: Suburb
WATER: Municipal

Listing courtesy of: Murphy Realty Group / Listing Agent: Vincenza Seche
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