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Listed by: Houlihan Lawrence Inc.

$4,150,000

Est. payment - /mo

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34,576 SqFt

New

20 Church ST Claverack, NY 12565

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 34,576 sqft

Price per Sqft $120

MLS Listing ID 154962

Property Sub-Type Multi Family

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

Property Description

This exclusive opportunity features a portfolio of seven properties in Philmont, NY, offering a mix of residential units across various addresses, all within a few block radius. The seller, a seasoned investor, prefers to sell the portfolio as a whole, though individual sales are possible. This portfolio offers an immediate income-generating investment with a projected NOI of $358,022. With a mix of fully renovated units and others primed for upgrades, the portfolio promises both stability and growth potential. Each property has been maintained by the owner, who employs a team of contractors and utilizes DoorLoop for seamless property management. This portfolio offers immediate returns and long-term appreciation in a market with rising property values and increasing demand.Portfolio Highlights:Located in the up-and-coming village of Philmont, NY in the Hudson Valley, attracting both locals and city dwellers.Extensive full renovation of 62 Main Street. This key building features 6 newly renovated units, a fully restored facade, new insulation, replacement of central oil heat with electric heating in each unit, and all new bathrooms.Strong mix of unit sizes--from 1-bedroom units to larger 3-bedroom duplexes--offering a variety of rental options.Low landlord expenses on renovated properties. Recent upgrades, including new HVAC systems and electric heating, reduce operational costs and increase profitability.Transferable management software. The current owner uses the state-of-the-art DoorLoop online system to manage tenants and maintenance, leasing, applications, background checks, and rent collections, which can easily be transferred to new ownership.Opportunities for value-add improvements.

Location

State NY

County Columbia

Rooms

Basement Full

Interior

Interior Features High Speed Internet

Heating Other

Cooling See Remarks

Flooring Hardwood, Laminate, Wood

Equipment Call Listing Agent

Fireplace No

Laundry Common Area, In Kitchen, Other

Exterior

Exterior Feature Balcony, Private Entrance, Storage

Waterfront Description None

View Other

Roof Type Asphalt,Other

Porch Covered, Deck, Enclosed, Porch, Wrap Around

Garage Yes

Building

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

High Schools Taconic Hills

School District Taconic Hills

Others

Senior Community No

Tax ID 113.9-1-57

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Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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