2369 RT-5

Sullivan NY 13037

8618 sq. ft.

90169 sq. ft.

Other

Last sold for $400,000

Dante Belmonte, last sold this property on 06 November 2025 after 115 days on market.

Overview

Former Motel Turned 9-Unit Apartment Complex – Value-Add Opportunity! Now offered for sale, this former roadside motel has been converted into a 9-unit apartment building, primarily consisting of one-bedroom units. Situated on a spacious lot with 20+ parking spaces, this property is serviced by well and septic, minimizing utility expenses and infrastructure costs. All units are heated by baseboard boiler. There are two gas boilers which the landlord pays for and the property has upgraded electrical which the landlord also pays for. There are new coin-operated laundry machines which brings in about $140 additional income per month. The property offers a prime opportunity for investors to reposition and increase income even higher. With the right upgrades, there’s significant upside potential through improved rents to market rate. With lots of drive-by traffic, occupancy has been at 100% year after year minimizing turnover as all of the same tenants have been at this property for 5+ years. Located in a rural yet accessible area, this property is ideal for investors looking to bring an additional asset into their portfolio at a fraction of the cost of anything else on the market!

Features

8 bedrooms

8618 sq. ft. floor area

90169 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 8 bedroom other properties sold in Sullivan over the last 12 months.

Property history for 2369 RT-5

2025

Sold

$400,000

06 Nov 2025 by Dante Belmonte, of Hunt Real Estate ERA

Happy sellers in Sullivan

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