New Listing - 06/21/2024
$515,000
202 Paul Saxe Road, Catskill, NY, 12414
1982
3,240 sqft
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 and 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.
Status:
Active
Type:
Commercial Lease
Units:
5
Zoning:
08-RA-1.5
Heating:
Electric
Cooling:
No
Levels:
1
Parking:
off street
Lot Size:
1.7 Acres
Acreage:
1.7
Assessment
$119,900
Elevator:
No
MLS #:
153335
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School Info
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Listing courtesy of Century 21 New West Properties