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202 Paul Saxe Road

Catskill, NY 12414
  • $499,000
  • STATUS: Active
  • MLS #: 153330
UPDATED: 3 min ago
$499,000
  • 8
    BEDS
  • 1.7
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,240
    SQFT
  • $154
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Area:

School Ratings & Info

School District:

Description

Investment opportunity in Catskill NY! 5 Unit income producing property with 4 apartment rentals that provide 2 bedrooms and 2 bathrooms each. The fifth remaining unit is a sizeable storage barn that is also rented. Each unit offers a simple open floor plan, with abundant light and modern amenities. Four of the eight bathrooms have been renovated in the last 5 years to help ensure tenant satisfaction so that the property will maintain a high occupancy rate and provide a solid and reliable income stream. The property also provides ample parking for each unit and the barn. This property currently generates a nearly 8% cap rate of return for the Landlord. With tenant turnover and actual fair market rents the cap rate could certainly be pushing 10%. This property is within minutes of Catskill's beloved Story Farm's fresh fruit, flowers, and vegetable stand. 10-15 minutes in either direction to the Village of Catskill, Saugerties, Cairo. Don't miss this rare opportunity to own a profitable, multi-unit property in one of the Hudson Valleys most desirable locations. Whether you're and experienced investor or looking to start your real estate portfolio, this property has a fantastic business model, is a work horse with consistent returns and long term growth.

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© 2024 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2024-11-06T15:46:50.2.
www.thisoldhudsonrealestate.com/homes/151865921
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202 Paul Saxe Road Catskill, NY 12414

  • Price: $499,000
  • Status: Active
  • On Site: Days
  • Updated: 3 min ago
  • MLS #: 153330
8
Beds
8
Baths
0
½ Baths
1.7
Acres
3,240
SQFT
$154
$/SQFT
1982
Built
Neighborhood:
Catskill
County:
Greene
Area:
Catskill
School District:
Catskill
Property Description
Investment opportunity in Catskill NY! 5 Unit income producing property with 4 apartment rentals that provide 2 bedrooms and 2 bathrooms each. The fifth remaining unit is a sizeable storage barn that is also rented. Each unit offers a simple open floor plan, with abundant light and modern amenities. Four of the eight bathrooms have been renovated in the last 5 years to help ensure tenant satisfaction so that the property will maintain a high occupancy rate and provide a solid and reliable income stream. The property also provides ample parking for each unit and the barn. This property currently generates a nearly 8% cap rate of return for the Landlord. With tenant turnover and actual fair market rents the cap rate could certainly be pushing 10%. This property is within minutes of Catskill's beloved Story Farm's fresh fruit, flowers, and vegetable stand. 10-15 minutes in either direction to the Village of Catskill, Saugerties, Cairo. Don't miss this rare opportunity to own a profitable, multi-unit property in one of the Hudson Valleys most desirable locations. Whether you're and experienced investor or looking to start your real estate portfolio, this property has a fantastic business model, is a work horse with consistent returns and long term growth.
Exterior Features

Color Brown Construction Frame Lot Measurement Acres Lot Square Footage 74052.00 Number Of Meters 6 Paved Street Yes Roof Asphalt Siding Vinyl

Interior Features

Basement CrawlPartial Heat Type Electric Insulation unknown Number Of Furnaces 2 Number Of Heaters 2 Unit1 Appliances RangeRefrigerator Unit1 Rooms BedroomsBathrooms Unit2 Appliances RangeRefrigerator Unit2 Rooms BedroomsBathrooms Unit3 Appliances RangeRefrigerator Unit3 Rooms BedroomsBathrooms Unit4 Appliances RangeRefrigerator Unit4 Rooms BedroomsBathrooms Water Heater Electric Windows Vinyl Clad

Property Features

Condition Good Electric 400 AmpsCircuit Breakers Flood Zone Unknown Foundation Slab Garage Parking parking lot Other Tax 0.00 School Tax 4009.61 Sewer Private Sewer Total Tax 0 Town Tax 2006.45 Unit1 Electric Incl No Unit1 Heat Included No Unit1 Rent 1150 Unit2 Electric Incl No Unit2 Heat Included No Unit2 Rent 1210.00 Unit3 Electric Incl No Unit3 Heat Included No Unit3 Rent 1100.00 Unit4 Electric Incl No Unit4 Heat Included No Unit4 Rent 1200.00 Utilities Included Hot Water ONLY Village Tax 0.00 Water PrivateWell

Listing provided courtesy of Brian Kozloski of Century 21 New West: 518-943-2620.


© 2024 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2024-11-06T15:46:50.2.
 
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This Old Hudson Team at Houlihan Lawrence
Hudson NY, 12534