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Listing 8 out of 57
$1,950,000 Fully Executed Contract

336/338 Libertyville Road
New Paltz, NY 12561

15 units | Multi Family Home
1.1 acres - MLS# 20190216
Property Photo
1/35

Description

Unique investment opportunity with over a 9% cap rate! 2 Buildings, 1 Lot with 16 apartments Great location just a few miles outside the village of New Paltz & 90 miles from NYC Numerous capital improvements make this a solid investment. See Asscoiated Docs for a detailed list but they include: new roof, electric panels and heavy wiring feeds, gas water heaters, septic tanks, well pump, pressure tank, and 5 newly installed heat pump units providing heat and air conditioning to the 12 apartments in the large building to name a few. Many details of stain glass and wooden beams, hardwood floors. A community garden is in the backyard and a stream runs along the property boundary.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Unit
  • Listing Status: Fully Executed Contract
  • County/Area: Ulster County
  • Zip Code: 12561
  • Age: 61-100
  • School District: New Paltz
  • Units: 15 units
  • Fireplace: Stone, Stucco, Living Room
  • Lot Size: 1.1 acres
  • View: River
  • Waterfront: Creek
  • Zoning: RA-COM 1
  • Area: Gardiner
  • Amenities: Common Laundry
  • Annual Expenses: 66229
  • Annual Income: 246000
  • Annual Net: 182651
  • Appliances: Dryer, Range, Refrigerator, Washer, Water Softener, Whole House Filter System
  • Building Style: Barn, Two Story
  • Cap Rate: 9
  • Condition: Very Good
  • Construction: Frame/Stick, Masonry, Other/See Remarks
  • Cooling/Air Conditioning: Ceiling Fan, Heat Pump, Ductless Split Ac Units
  • Driveway: Gravel
  • Electric: 6924
  • Electricity: 100 Amps
  • Floors: Ceramic, Hardwood, Wide Board
  • Fuel: 4970
  • Garage/Parking Extras: Driveway, Lot, Off Street
  • Heat Source: Baseboard, Heat Pump
  • Heating Fuel: Electric, Propane
  • Hot Water: Propane
  • Insurance: 13000
  • Interior Features: Smoke Detector, Carbon Monixide Detector, Water Filter, Air Filter, Skylights, French Doors
  • Lease Type: One Year
  • Lot Block Address: 45,2,336/338 Libertyville
  • Lot Dimensions: 1.10 acres
  • Lot Features: Parking Lot, Flood Zone
  • Lot/Site: Rural
  • Miscellaneous: 9600
  • Miscellaneous Features: Ceiling-Cathedral, Ceiling-Vaulted, French Doors
  • Monthly Income: 20500
  • Other Income: 2880
  • Owner Pays: Taxes
  • Plumbing: Mixed
  • Roof: Asph Shingle
  • Sewer: Septic-Ingr.
  • Siding: Stucco
  • Total Taxes: 22085
  • Trash: 2200
  • Water: Drilled Well
  • Water Ways: Wallkill
Courtesy of Bhhs Hudson Valley Prop-Np

Steffens Realty | 845-255-2571 | Contact Me
58 Elting Avenue - New Paltz, NY 12561
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