Turnkey four-unit investment opportunity in the Village of Valatie offering stable in-place income with clear upside potential. This solid brick building has been meticulously maintained by the same owners for over 30 years and is fully occupied with long-term, reliable tenants, providing immediate cash flow and operational stability.
The property consists of four spacious two-bedroom units, each featuring hardwood floors, oversized tiled bathrooms, generous closet space, and open-concept kitchen, dining, and living areas that support strong tenant retention and long-term rental appeal.
Current rents are month to month and below market, presenting a clear value-add opportunity for strategic and smart investors.
Additional desirable features include a full, dry basement with a coin-operated laundry for supplemental income, ample space (previously planned by current owners for paid storage units), and five separate electric meters. Tenants enjoy paved off-street parking and a nicely sized yard.
Situated between Church Street and Lake Street in the desirable Kinderhook Central School District (a.k.a. Icabod Crane), close proximity to Main Street amenities including shops, restaurants, and the Valatie Community Theater, as well as nearby parks, Kinderhook Creek and Beaver Cotton Mill Overlook. Convenient access to the Capital District, nearby Kinderhook, and Hudson, enhances long-term rental demand and investment stability.
A strong well-maintained structure, income-producing asset with top-notch rental history, an excellent location, and a clear path to increased returns, makes this investment property an excellent addition to any investment portfolio!
