SHANDAKEN NY - ID: 20223467
On the Market
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  • Price: $525,000
  • Bedrooms: 7
  • Bathrooms: 4 (full)
  • Sq. Feet: 0
  • Garage: 2 Garage Detached
  • Acreage: 2.25
  • Year Built: 1972
  • School District: ONTEORA
    Vetere Real Estate
    (845) 338-0571
Property Type: 4 Family

Description: INVESTMENT OPPORTUNITY IS KNOCKING!! - Excellent value in this 4 family rental. Live in one and rent out all 3. Only 8 minutes to the village of Phoenicia, 15 minutes to Hunter and 2.5 hrs to NYC. Fishing, kayaking, snow tubing, skiing, music festivals and restaurants near by. 3 out of the 4 units were updated in the past 15 years. Roof was done in the last 5 years. Some windows have been replaced and the boiler in #4 is new. Electric is serviced by NY State Electric and gas which is lower than Central Hudson E & G. Cap rate at asking price is 7.43% - See associated docs for the full income & expense sheet.
Please call listing agent to show. Tenants need to be home.

UNIT 1 -RENT: 600
UNIT 2 -RENT: 800
UNIT 3 -RENT: 1299
APPLIANCES: Dryer, Dishwasher, Refrigerator, Range, Washer
LOT FEATURES: Level, Parking Lot, Private, Water Frontage
WATER: Drilled Well

Listing courtesy of: Berardi Realty / Listing Agent: Doreen Marchisella
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