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202 Paul Saxe Road

Catskill, NY 12414
  • $515,000
  • STATUS: Active
  • MLS #: 153335
UPDATED: 177 min ago
$515,000
  • 8
    BEDS
  • 1.7
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,240
    SQFT
  • $159
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1982
County:
Area:

School Ratings & Info

School District:

Description

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.



© 2024 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Core Real Estate Team. Data last updated: 2024-07-18T11:46:21.46.
www.corerealestateteamny.com/homes/151929739
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202 Paul Saxe Road Catskill, NY 12414

  • Price: $515,000
  • Status: Active
  • On Site: Days
  • Updated: 177 min ago
  • MLS #: 153335
8
Beds
8
Baths
0
½ Baths
1.7
Acres
3,240
SQFT
$159
$/SQFT
1982
Built
Neighborhood:
Catskill
County:
Greene
Area:
Catskill
School District:
Catskill
Property Description
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.
Exterior Features

Construction Frame Docks No Driveway Yes Flood Zone No Foundation Poured ConcreteSlab Lot Size 1.7 Acres Lot Square Footage 74052.00 Parking off street Paved Street Yes Road Frontage 395 +/- Roof Asphalt

Interior Features

Air Conditioning No Alarm No Ceiling Height 8' Elevator No Heat Type Electric Insulation unknown Overhead Doors No Restrooms 0.00 Sprinkler No Water Heater Electric Windows Vinyl Clad

Property Features

Electric 400 Amps Financing Avail Possible Lease Yes Number Of Levels 1.00 Other Tax 0.00 School Tax 4009.61 Sewer Private Sewer Total Tax 0 Town Tax 2006.45 Village Tax 0.00 Water Private

Listing provided courtesy of Brian Kozloski of Century 21 New West: 518-943-2620.


© 2024 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Core Real Estate Team. Data last updated: 2024-07-18T11:46:21.46.
 
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