Price Reduced 11.17%

$795,000 ($150.80 per sqft)

Est. Mortgage $3,864/mo *

Quick Pre-Approval

Price History

$895,000
3/8/2024

$825,000
6/5/2024

$795,000
6/5/2024


5635 Route 82, Clinton Corners, (Stanford), NY, 12514

5635 Route 82, Clinton Corners, (Stanford), NY, 12514

6 beds

4 Full baths

1900

Colonial, Cottage

5,272 sqft

Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units are occupied with current rents positioned below market and suggests a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property currently serves up a 9% cap rate with the potential for increased numbers. Financials available upon request. . Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ****ALL OFFERS are welcome for consideration.*** Call for details.


Status:

Active

Town:

Clinton Corners

Type:

Multi-family

Units:

4

Garage:

3-car Detached

Heating:

Oil, Baseboard, Hot Water

Cooling:

Window Unit(s)

Basement:

Bilco Door(s), Full, Unfinished

Parking:

7-car, 3 Car Detached, Assigned, Driveway, Parking Lot

Acreage:

1.86

Est. Taxes:

$7,078

Assessment

$475,000

Construction

Frame, Stone, Wood Siding

Lot Description:

Level

View Description:

Panoramic

Elementary School:

Seymour Smith Intermediate Lrn Ctr

Middle School:

Stissing Mountain Jr/Sr High School

High School:

Stissing Mountain Jr/Sr High School

School District:

Pine Plains

MLS #:

H6293201


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Corcoran Country Living (845) 876-6676