Price Reduced 11.17%
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
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
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Listing courtesy of Corcoran Country Living (845) 876-6676