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Listed by: Halter Associates Realty

$925,000

Est. payment - /mo

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7 Beds

5 Baths

3,775 SqFt

Active Under Contract

28-30 Esopus Avenue Phoenicia, NY 12464

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,775 sqft

Price per Sqft $245

MLS Listing ID 20251055

Style Colonial,Cottage

Bedrooms 7

Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Year Built 1940

Annual Tax Amount $9,601

Tax Year 9601

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Multi Family

Property Description

At the entrance to Phoenicia's picturesque Woodland Valley you will find this amazing one of a kind income producing compound. Current owners have lovingly maintained and renovated almost every part of the property. They have been living in the main house and running a thriving short-term rental business for the past 13 years and were featured in Curbed NY as one of the best vacation rentals in the Hudson Valley. They are now ready to retire and to transfer the property to the new lucky owners. The property is zoned multi-family and includes four separate buildings. Due to current short term rental regulations a new owner who would like to continue the current use of the property would need to live in the house for a year as their primary residence and would be able to rent the units for a minimum of 30 days. Once the year has lapsed they can rent short-term. If the new owner is an investor they can apply for short term rental usage after a year and be placed on a waiting list for a few years. In the meantime the compound can be rented out seasonally or long term. The main house which has three bedrooms and one and a half baths, an expansive eat-in cooks kitchen, beautiful living room with fireplace and a downstairs den could be rented monthly for between 3000-3500 and for the summer season for 5000-6000 per month. The large studio with its own kitchen and lovely sitting porch that can be accessed from the main house or via a separate entrance could be rented together with the house for an additional 1000 per month or separately for that amount . The independent one bedroom cottage could be rented monthly for between 1200 to 1500 or seasonally for about 2000 a month. The two story independent Zen cottage with a bedroom and loft bedroom could be rented for 1800 to 2000 monthly and around 3000 per month seasonally. These rental figures are approximations and based on current market conditions and lack of long term rental inventory. These buildings all share a large yard with a garden, fire pit, shed and an outdoor bar area with a mountain back drop and the sounds of the Esopus River where you can enjoy fly fishing or a cold plunge at a local swim hole only a 3 minutes walk away. The quaint town of Phoenicia has a library that lends out fishing poles and ukuleles, hosts a Sunday farmers market and many annual events as well as being close to three ski resorts. Foodies will appreciate The Phoenicia Diner, Bettina's as well other farm-to -table restaurants. Come view and bring your imagination to how this incredible property may best suit your own individual needs. The 3 rentals can be delivered furnished or unfurnished, with the exception of art work. Most of the main house furniture can be purchased if desired. 2024 Profit and Loss statement is in associated documents. Please contact the town regarding short term rental regulations.

Location

State NY

County Ulster

Area Shandaken

Zoning Res-Multi Fam

Interior

Interior Features Bidet, Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, High Ceilings, In-Law Floorplan, Kitchen Island, Natural Woodwork, Pantry, Primary Downstairs, Storage

Heating Fireplace(s), Forced Air, Propane

Cooling Attic Fan, Window Unit(s)

Flooring Ceramic Tile, Hardwood, Slate

Fireplaces Number 3

Fireplaces Type Family Room, Fire Pit, Gas, Propane, Wood Burning Stove

Equipment Fuel Tank(s)

Fireplace Yes

Laundry Inside, Multiple Locations

Exterior

Exterior Feature Fire Pit, Garden, Storage

Fence Partial

Utilities Available Cable Available, Electricity Available, Sewer Available, Propane

View Mountain(s)

Roof Type Asbestos Shingle,Metal

Porch Deck, Enclosed, Porch, Rear Porch, Screened

Garage No

Building

Lot Description Garden, Landscaped

Foundation Concrete Perimeter

Sewer Cesspool, Septic Tank

Water Public

Architectural Style Colonial, Cottage

Level or Stories One, Two

Schools

High Schools Onteora Central

School District Onteora Central

Others

Tax ID 13.6-2-55 & 13.16-2-64

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Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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