ROSENDALE NY - ID: 20230731
On the Market
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  • Price: $369,000
  • Bedrooms: 3
  • Bathrooms: 4 (full)
  • Sq. Feet: 1,950
  • Garage: None
  • Acreage: 0.21
  • Year Built: 1965
  • School District: RONDOUT
    Vetere Real Estate
    (845) 338-0571
Property Type: Multi-Unit

Description: Investment opportunity on popular Main Street in Rosendale! This multi-family house has 4 separate units, all of which are currently occupied by tenants who would like to stay. All units are one-bedroom, one bath, differing in size. Some features include wood floors, large windows, newer kitchen cabinets and tub/shower combo in bathrooms. Also included is off street parking with shared driveway and a shared backyard, both maintained by current owner. Conveniently located between Kingston and New Paltz, on the UCAT bus route, walking distance to Trailways Bus stop as well as many great restaurants, the Rosendale Theatre and other shops on Main Street. Cap rate based on current rate is 7, rents are under market value and could easily be increased, improving the cap rate to at least 10%.
Apartment #1 - one year lease as of 12/2022 Apartment #2 - one year lease as of 12/2022 Apartment #3 - one year lease as of 12/2021, extended 3/23 Apartment #4 - one year lease as of 1/2019, extended 9/22

UNIT 1 -RENT: $1025
UNIT 2 -RENT: $1000
UNIT 3 -RENT: $950
UNIT 4 -RENT: $840
LOT/SITE: Hamlet/Village
WATER: Municipal

Listing courtesy of: Berkshire Hathaway Homeservices Nutshell Realty / Listing Agent: Laurel Sweeney
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