Mary Collins Real Estate, Inc.
 
ESOPUS NY - ID: 20172017 - ESOPUS On the Market
1181 Broadway, 1181 Route 9W, Esopus, NY 12429 ID: 20172017
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Price: $795,000

Sq. Feet: 11,767

Acreage: 1.43

Year Built: 1976

School District: KINGSTONCONSOLD



CONTACT
Mary Collins Real Estate
(845) 687-0911
Contact Us!
Property Type: Other

Description: THIS WELL CARED FOR 11 UNIT APARTMENT IS A SOLID INVESTMENT OPPORTUNITY. ALL ONE BEDROOM APARTMENTS FULLY RENTED WITH LONG TERM TENANTS. NICELY UPDATED INSIDE AND OUT. MOST KITCHEN AND BATHS HAVE BEEN RENOVATED. SEVERAL UNITS HAVE HARDWOOD FLOORS. ROOF IS 3 YEARS OLD. BOTH BUILDINGS HAVE NEW HIGHLY EFFICIENT BUDERUS BOILERS WITH SIDE ARM HOT WATER HEATERS. HEAT IS NATURAL GAS AND EVERY ONE HAS AN INDIVIDUAL ZONE AND THERMOSTAT. THERE IS A LAUNDRY ROOM WITH COIN OPERATED WASHER AND DRYER. BLACK CREEK PRESERVE IS CONTIGUOUS TO THIS PROPERTY ALLOWING TENANTS ACCESS TO HIKING TRAILS AND THE HUDSON RIVER. CLOSE PROXIMITY TO THE POUGHKEEPSIE BRIDGE. PROPERTY DETAIL AND RENT ROLLS ARE IN ASSOCIATED DOCS WITH ACTUAL AND PRO-FORMA NUMBERS. THERE ARE 7 ONE LEVEL APARTMENTS IN ONE BUILDING. SECOND BUILDING IS 2 STORY WITH 4 APARTMENTS. CAP RATE IS 7% WITH A 5% VACANCY RATE. LANDLORD SELDOM HAS VACANCY.



FEATURES:
NUMBER OF UNITS: 11
SURVEY: Yes
ZONE: Apt
LOT DIMENSIONS: 1.43
CONDITION: Very Good
ELECTRICITY: Mixed
LOT FEATURES: Level, Public Rail Trail, Other/See Remarks
LOT/SITE: Rural


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Listing courtesy of: Murphy Realty Group, Murphy Realty Group / Listing Agents: Carol Spirig, John Murphy
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