Price Reduced 8.03%
Price History
$299,000
8/23/2024
$275,000
11/16/2024
18 Mountain Turnpike, Catskill, NY, 12414
10 beds
7 Full baths
1920
4,928 sqft
Opportunity awaits at 18 Mountain Turnpike! This 5-unit apartment building offers a significant investment potential with a promising estimated gross income of $112,000 per year. Recent upgrades include a new 7-meter electric panel, a new heating system installed in 2020, and a state-of-the-art engineered 3,000-gallon septic system also from 2020.The property features ample parking for approximately six cars and includes a two-car garage with three storage units. Please note, the building is currently gutted and requires extensive structural and renovation work, with estimated repair costs ranging from $75,000 to $100,000 per unit. This property will not qualify for financing and is being sold AS-IS.This is a perfect project for the savvy investor ready to transform this space into a high-income-generating property. Don't miss out on this exciting opportunity!
Status:
Active
Type:
Multi-family
Units:
6
Zoning:
HC
Heating:
Hot Water
Basement:
Partial
Parking:
2 car
Acreage:
2
Assessment
$147,800
High School:
Catskill
School District:
Catskill
Days on Market:
89
MLS #:
154138
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Listing courtesy of Century 21 New West Properties