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$515,000 USD
202 Paul Saxe Road
Catskill, New York 12414
USA
Catskill, New York 12414
USA
300.996 m2 ::
3,240 sqft
8 full baths
Commercial for Sale, Multi-Family Home
Land size: 0.688 ha ::
1.70 acres
Sale price per sqm: 1,710.93
Remarks:
Investment opportunity in Catskill NY! 5 Unit income producing property with 4 apartment rentals that provide 2 bedrooms and 2 bathrooms each. The fifth remaining unit is a sizeable storage barn that is also rented. Each unit offers a simple open floor plan, with abundant light and modern amenities. Four of the eight bathrooms have been renovated in the last 5 years to help ensure tenant satisfaction so that the property will maintain a high occupancy rate and provide a solid and reliable income stream. The property also provides ample parking for each unit and the barn. This property currently generates a nearly 8% cap rate of return for the Landlord. With tenant turnover and actual fair market rents the cap rate could certainly be pushing 10%. This property is within minutes of Catskill's beloved Story Farm's and fresh fruit, flowers, and vegetable stand. 10-15 minutes in either direction to the Village of Catskill, Saugerties, Cairo. Don't miss this rare opportunity to own a profitable, multi-unit property in one of the Hudson Valleys most desirable locations. Whether you're and experienced investor or looking to start your real estate portfolio, this property has a fantastic business model, is a work horse with consistent returns and long term growth.
Features:
- Year Built: 1980
Location:
202 Paul Saxe Road, Catskill, New York 12414, USA
Listed By CENTURY 21 New West Properties
The Commercial for Sale, Multi-Family Home located at 202 Paul Saxe Road, Catskill, New York 12414, USA is currently for sale. 202 Paul Saxe Road, Catskill, New York 12414, USA is listed for $515,000 USD. This property has 8 full baths and 3,240 sqft. If the property located at 202 Paul Saxe Road, Catskill, New York 12414, USA isn't what you're looking for, search New York Real Estate to see other Commercial For Sale in Catskill.