Description
Invest in Catskill's Future: Exclusive 7-Unit Development OpportunityStep into a unique investment in the dynamic heart of Catskill with this exclusive 7-unit mixed-use project, offering an ideal blend of residential and commercial potential. This development strikes the perfect balance, featuring six apartments alongside a compelling retail/cafe space, positioned for maximum marketability and profitability.Highlights:Diverse Income Streams: Includes five 1-bedroom units and a spacious 2-bedroom apartment, plus a retail/cafe space for a commercial venture.Efficient Design: Each apartment is crafted for optimal living space with minimal maintenance needs, ensuring a high-quality tenant experience.Advanced Upgrades: Benefit from substantial updates like two new roofs, brand new plumbing and electrical systems, energy-efficient windows, and contemporary kitchens and bathrooms, laying the foundation for a high-value property.Self-Sustaining Units: The design allows for tenants to cover their own heat, electric, and hot water, reducing overhead and enhancing profitability.Projected Financials: Anticipate a strong NOI of $100,000 after completion, marking this project as a standout investment opportunity.This development not only represents a significant investment opportunity but also a chance to shape the fabric of Catskill with your vision. The groundwork has been laid, now it's time for you to finish the story.Experience the Potential Firsthand:Words only capture so much. To fully appreciate the scope and potential of this opportunity, seeing it in person is a must. This is more than an investment; it's a chance to leave a mark on Catskill's future.Act Now:Opportunities like this don't come often. Whether you're looking to expand your portfolio or make a distinctive mark in the real estate world, this Catskill development project is your canvas.
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7BEDS
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0.06ACRES
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7BATHS
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01/2 BATHS
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5,700SQFT
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$125$/SQFT
Description
Invest in Catskill's Future: Exclusive 7-Unit Development OpportunityStep into a unique investment in the dynamic heart of Catskill with this exclusive 7-unit mixed-use project, offering an ideal blend of residential and commercial potential. This development strikes the perfect balance, featuring six apartments alongside a compelling retail/cafe space, positioned for maximum marketability and profitability.Highlights:Diverse Income Streams: Includes five 1-bedroom units and a spacious 2-bedroom apartment, plus a retail/cafe space for a commercial venture.Efficient Design: Each apartment is crafted for optimal living space with minimal maintenance needs, ensuring a high-quality tenant experience.Advanced Upgrades: Benefit from substantial updates like two new roofs, brand new plumbing and electrical systems, energy-efficient windows, and contemporary kitchens and bathrooms, laying the foundation for a high-value property.Self-Sustaining Units: The design allows for tenants to cover their own heat, electric, and hot water, reducing overhead and enhancing profitability.Projected Financials: Anticipate a strong NOI of $100,000 after completion, marking this project as a standout investment opportunity.This development not only represents a significant investment opportunity but also a chance to shape the fabric of Catskill with your vision. The groundwork has been laid, now it's time for you to finish the story.Experience the Potential Firsthand:Words only capture so much. To fully appreciate the scope and potential of this opportunity, seeing it in person is a must. This is more than an investment; it's a chance to leave a mark on Catskill's future.Act Now:Opportunities like this don't come often. Whether you're looking to expand your portfolio or make a distinctive mark in the real estate world, this Catskill development project is your canvas.
© 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: 2024-09-11T08:46:33.363.