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Listing 21 out of 80
$525,000 For Sale

11-13 Olev Lane
New Paltz, NY 12561

5 units | Multi Family Home
53.5 acres - MLS# 20191858
Property Photo
1/15

Description

Opportunity knocks. Two buildings, five units total, set on 53.5 acres. Building one is a 3 family: ground floor 1 bedroom apartment ($1,230./mo.) utilities included; second floor 1 bed apartment ($850./mo.), and third floor two bedroom apartment ($955./mo.), both have separate meters and tenants pay their own utilities. Building two is a 2 family duplex, with two bedrooms each side ($875. and $930./mo.), separate meters and tenants pay their own utilities. Three car bay garage and office with half bath is currently used for storage by owner. Land consists of two parcels (one deed) and is divided by the NYS Thruway. Houses are on approximately 24 mostly level acres with pond and stream. Excellent farming potential. Power lines run through the lower half of property with a Central Hudson easement. Other parcel (approximately 30 acres, on the west side of Thruway) is land locked and is located directly behind the NP High School.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Unit
  • Listing Status: Active
  • County/Area: Ulster County
  • Zip Code: 12561
  • Year Built: 1930
  • Age: 61-100
  • School District: New Paltz
  • Elementary School: Duzine K-2
  • Units: 5 units
  • Basement: Partial, Unfinished, Bilco Door
  • Garage: 3-Car, Garage Detached
  • # of Parking Spaces: 3
  • Lot Size: 53.5 acres
  • Waterfront: Pond, Stream
  • Zoning: A1.5
  • Area: New Paltz
  • Amenities: Garden Area
  • Annual Expenses: 23800
  • Annual Income: 58080
  • Annual Net: 34280
  • Appliances: Range, Refrigerator
  • Building Style: Farm House, Other
  • Cap Rate: 7
  • Construction: Frame/Stick
  • Driveway: Gravel
  • Electric: 1800
  • Electricity: 200 Amps, Mixed
  • Exterior Features: Outside Lighting
  • Floors: Ceramic, Hardwood, Linoleum
  • Fuel: 2500
  • Garage/Parking Extras: Driveway, Off Street
  • Heat Source: Baseboard
  • Heating Fuel: Electric, Oil
  • Insurance: 3100
  • Kitchen Description: Eat-In
  • Lot Block Address: 3,1,11-13 Olev Lane
  • Lot Dimensions: 53.5 acres
  • Lot Features: Corner Lot, Landscaped, Level, Pond, Slope-Gently, Wooded, Easement, No Outlet
  • Miscellaneous: 3000
  • Monthly Income: 4840
  • Other Rooms: Office, Workshop
  • Owner Pays: Insurance, Maintenance, Oil, Taxes, Oil
  • Plumbing: Mixed
  • Porch: Deck, Enclosed Porch, Open
  • Roof: Asph Shingle
  • Sewer: Septic-Ingr.
  • Siding: Stone, Vinyl
  • Tenant Pays: All Utilities, Electric, Gas, Trash, Electric
  • Total Taxes: 13,500
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rent: $1,230
  • Unit 1 Sqft: 1400
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Rent: $850
  • Unit 2 Sqft: 680
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Rent: $955
  • Unit 3 Sqft: 680
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Rent: $875
  • Unit 4 Sqft: 710
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 2
  • Unit 5 Rent: $930
  • Unit 5 Sqft: 710
  • Water: Drilled Well
Courtesy of Stevens Realty Group

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