Mary Collins Real Estate, Inc.
 
ROSENDALE NY - ID: 20180187 - ROSENDALE On the Market
1255 Lucas Ave, Rosendale, NY 12472 ID: 20180187
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Price: $295,000

Bedrooms: 6

Bathrooms: 4

Sq. Feet: 3,650

Garage: 2 Garage Detached

Acreage: 2.00

Year Built: 1969

School District: KINGSTONCONSOLD



CONTACT
Mary Collins Real Estate
(845) 687-0911
Contact Us!
Property Type: 4 Family

Description: Great 4 unit investment property with a 9.77% cap rate at asking price. Property consists of a solid, renovated 3 family home, detached 2 bedroom mobile home and a detached 2 car garage. The home and trailer are set off the road on a sprawling 2 acre parcel great for owner use or land for tenants to enjoy. First floor 3 bedroom apartment has been recently vacated, we are leaving that unit vacant to make showings easier, owner will rent the unit prior to closing if a buyer requests. 9.77% cap rate at asking price includes all expenses, $1, 200 lawn/snow expense, 3% vacancy rate and a 3% repair and maintenance expense. Owner pays the heat and hot water for the 3 family home (oil boiler) tenants pay the electric, mobile home tenant pays all their own expenses. There are two wells and two septic system on the property, one for the 3-family and one for the mobile home. 3-family has a newer concrete septic tank and a new septic line going from the house to the tank. The mobile home has a newer plastic septic tank. Roof on the 3-family is about 4-5 years old, architectural 30 year shingle. First showing we can only see the vacant 3 bedroom unit, utility room for the 3-family, 2 car detached garage and all the grounds. Second showing we can see all the other occupied units.



FEATURES:
NUMBER OF UNITS: 4
UNIT 1 -RENT: 1450
ZONE: A1
LOT DIMENSIONS: Irregular
UNIT 1 -LEASE: Vacnt
UNIT 2 -LEASE: Mtm
UNIT 4 -LEASE: Mtm
UNIT 5 -LEASE: Vacnt
UNIT 2 -RENT: 650
UNIT 3 -RENT: 800
UNIT 4 -RENT: 780
UNIT 5 -RENT: 150
CONDITION: Very Good, Good
APPLIANCES: Range, Refrigerator
ELECTRICITY: 100 Amps
LOT FEATURES: Landscaped, Level, Slope-Gently
LOT/SITE: Rural
WATER: Drilled Well
KITCHEN DESCRIPTION: Custom Cabinets, Cabinets Wood


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Listing courtesy of: Win Morrison Realty / Listing Agent: Gregory Berardi
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The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Mary Collins Real Estate, Inc. are marked with the IDX logo and the detailed information about them includes the listing broker's name. This 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 information provided is deemed reliable but is not guaranteed and should be independently verified.
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