Listing Detail #153335 — Commercial
Summary
Address | 202 Paul Saxe Road, Catskill, NY 12414 |
Bedrooms | 8 |
---|
Bathrooms | 8 (8 full) |
Year Built | 1982 |
---|
Square Feet | 3240 |
Lot Size | 2 acres |
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.
Directions
Village of Catskill on State Route 23A to Mountain Turnpike and turn right. Follow Mountain Trpke to Paul Saxe and turn right. Property on the right hand side of the road #202
All listings provided by Columbia County and Northern Dutchess MLS
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. All data is deemed reliable but not guaranteed accurate by Columbia County and Northern Dutchess MLS.