
Courtesy of: Karen Gauvin, Our House Real Estate Group, karengauvinrealtor@gmail.com
$849,990
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Lot: 2.00 Acres
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Other
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$849,990
3 Old Minisink Road FANTASTIC INVESTMENT OPPORTUNITY: This historic LEGAL 5-Unit fully occupied APARTMENT BUILDING is now being offered for sale! (1) updated 2-bedroom, 1 bath unit plus (4) additional 1-bedroom, 1 bath units yielding a yearly income of $75, 600 and a NOI of $53, 403/year! 6% CAP RATE. Fully leased and all tenants on month-month leases. CAN COMMAND HIGHER RENTS! Landlord currently pays heat / hot water and trash removal. Tenants pay for electric - 5 separate meters and individual thermostats. NEW ROOF plus LARGE SHED! This property sits on over 2-ACRES WITH MOUNTAIN VIEWS!.....Formerly the famous Boxers Lakewood Hotel! Ellenville, NY is considered a good place to live for nature lovers and those seeking a strong community feel! It offers abundant outdoor activities in the Shawangunk Mountains and a diverse, friendly atmosphere with a burgeoning arts scene! Enjoy fishing in the nearby Leurenkill stream! Call Listing Agents for showing/information! ....Adjacent 3, 508 single family residential/commercial property (1 Old Minisink Road) also available for sale on 1.1 acres, 5-bedrooms, 3 1/2-baths. Call for details!
Courtesy of: Karen Gauvin, Our House Real Estate Group, karengauvinrealtor@gmail.com
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