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Multi Family 5+ in Ulster
MLS Number6310927
Address21 Nevins Street, Ellenville, NY 12428 show map
Price$629,000 show mortgage calculator
Acres0.85
Year Built1910
Est. Sq. Footage5639
Elementary SchoolEllenville Elementary School
Jr High-Middle SchoolEllenville Middle School
High SchoolEllenville High School
Estimated Taxes$11,119
Total Apt Units6
Total Bedrooms8
# 1 Brs5
# 3 Brs1
Remarks

Incredible investment opportunity with two distinct dwellings on a single property! The first is a charming single-family home featuring 3 bedrooms, 1.5 bathrooms, ceramic and wood floors, a basement, a relaxing rocking chair porch, a back deck with expansive views of the large yard, and tenants responsible for all utilities. Additionally, there's a five-family residence boasting a spacious parking lot and three separate entrances. Each of the five well-appointed apartments consists of one bedroom and includes tenant-paid electricity, while the owner covers heating, garbage, and water expenses. Nestled at the end of a tranquil dead-end street on the outskirts of town, yet conveniently close to amenities, this property boasts a consistent vacancy rate of less than 5% over the past three years. The five-family building received a new roof in 2017, while the single-family home's roof is approximately 10 years old. Meticulously maintained and managed, this property offers a robust cap rate of 10. Security cameras are installed on the premises, and the property is fully occupied with tenants. For privacy and to respect current tenants, do not walk on the property without a confirmed showing appointment.

Amenities

This listing is Courtesy of Keller Williams Realty (845-662-5890).

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