HOT 18 MOUNTAIN TURNPIKE RD CATSKILL, NY 12414

Features

• Price/sqft: $60
• Lot Size: 2 acres
• Total Units: 4
• Total Rooms: 14
• Room List: Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Dining Room, Kitchen, Living Room
• Stories: 2
• Heating: Hot Water Heating

Facts

• Year Built: 01/01/1920
• Property ID: 949614177
• MLS Number: 154138
• Parcel Number: 192689 170.03-1-10
• Property Type: Townhouse or Condo
• County: Greene
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Opportunity awaits at 18 Mountain Turnpike! This six-unit apartment building offers a significant investment potential with a promising estimated gross income of $112,000 per year. Recent upgrades include a new 6-meter electric panel, a new heating system installed in 2020, and a state-of-the-art engineered 3,000-gallon septic system also from 2020.The property features ample parking for approximately six cars and includes a two-car garage with three storage units. Please note, the building is currently gutted and requires extensive structural and renovation work, with estimated repair costs ranging from $75,000 to $100,000 per unit. This property will not qualify for financing and is being sold AS-IS.This is a perfect project for the savvy investor ready to transform this space into a high-income-generating property. Dont miss out on this exciting opportunity!

Hot Homes

Bargain Price Bargain Buy - Save Over 20% The Asking Price for this home is at least 20% below the Estimated Value. Buying a home at a price below the market value can save thousands of dollars and create wealth in home equity faster.