$500,000
$599,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
5,000 Sqft Lot
SOLD DATE : 11/04/2022
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6184985
Sold Date 11/04/22
Originating Board onekey2
Rental Info No
Year Built 1800
Annual Tax Amount $9,203
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
Well maintained 5 unit investment property for sale in the highly desirable Hamlet of Wallkill. Owner retiring after owning this property for 19years. This is a turn key property with recent updates including new exterior vinyl siding installed on the entire building just last fall. Municipal water and sewer and natural gas. All units are rented with zero vacancies over many years. Tenants pay for heat, hot water, and electric. Coin operated washer and dryer. Off street parking for 10 cars at rear of building. Current gross income is $57,900 due to some long term tenants. Potential gross annual rents in the $70,000 to $75,000 range. Great location with huge rental demand and rising rents in the Hamlet of Wallkill just north of Newburgh and Middletown and south of New Paltz. Property Management is available which would allow the property to basically run itself.
Location
State NY
County Ulster County
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Off Street
Utilities Available Trash Collection Private
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Frame,Vinyl Siding
Schools
Elementary Schools Plattekill Elementary School
Middle Schools John G Borden Middle School
High Schools Wallkill Senior High School
School District Wallkill
Others
Special Listing Condition None
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