Mary Collins Real Estate, Inc.
 
ROSENDALE NY - ID: 20174687 - ROSENDALE On the Market
15 Grist Mill Road, Tillson, NY 12486 ID: 20174687
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Price: $349,000

Bedrooms: 5

Bathrooms: 6

Sq. Feet: 600

Garage: None

Acreage: 0.31

Year Built: 1890

School District: KINGSTONCONSOLD



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

Description: This beautifully situated 5 Family home is located on a nice quiet road between Kingston and New Paltz. With a 9% cap rate it is a great investment property, although there are several of the apartments that would make this building a wonderful owner occupied as well. It's also right on the bus route back and forth to NYC.  There is a large parking area for 10 plus cars and a beautiful yard with plenty of room for a vegetable garden.  The building includes  4- one bedrooms apartments  and 1- two bedroom apartment.  The apartments are fully rented so you can step right in and take over.  It is a great time to invest in this part of Ulster County. The newly energized Historic City of Kingston is just up the road 10 minutes and New Paltz to the South offers a village area as well as beautiful scenic hiking spots. So much to offer here surrounding a great investment opportunity.   The time is now.
9% cap rate reflects a 5% vacancy rate




FEATURES:
NUMBER OF UNITS: 5
UNIT 1 -RENT: $1,000
ZONE: Res
LOT DIMENSIONS: .31
UNIT 1 -LEASE: Year
UNIT 2 -LEASE: Mtm
UNIT 1 -LEASE: Mtm
UNIT 4 -LEASE: Year
UNIT 5 -LEASE: Year
UNIT 2 -RENT: $1,000
UNIT 3 -RENT: $750
UNIT 4 -RENT: $850
UNIT 5 -RENT: $1,300
CONDITION: Very Good
APPLIANCES: Range, Refrigerator
ELECTRICITY: 200 Amps
LOT FEATURES: Corner Lot, Landscaped, Level, Parking Lot
LOT/SITE: Hamlet/Village, Suburb
WATER: Drilled Well
SURVEY: Yes


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Listing courtesy of: Murphy Realty Group / Listing Agent: Marguerite Ehmann
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