For Sale

Listed by Chayim Fried and Ann Bolton from Keller Williams Hudson Valley

Source: OneKey #H6114425

5308 State Route 42, South Fallsburg, NY, 12779

$699,000

0.47 ac.

MultiFam

30+ days on the market

What's around 5308 State Route 42

About this property

Amazing 10+Cap Investment Opportunity. Zoning B1/Commercial. Multi property portfolio includes 10 Fully Occupied Paying Units with potential for more. Building one - 5308 state rt 42, SBL 50.-4.1 - 6 units, 3 3BR, 3 1BR- fuel for this unit is 2300 gallon oil, - plus very large basement can be potential for office, storage or other use, also a large barn/warehouse 3500 SF can be leased out for warehouse or other for additional income, rents below market, annual rent Property 2-5310 state rt 42, SBL 50.-3-11.1, SFR cape cod 3BR, 1979 SF, built 1947, renovated 2014, mother and daughter, 60x200 0.27 acres, condition good, basement being renovated could have another apartment for rental income, almost done, additional $850 monthly, Property 3- SBL 50.-3-10 and 50.-3-12, 5312, 5314, 5316, 5318 Rt 42, 3 separate cottages with tenants, 3BR each, $34,500 income, additional 4 apartments being renovated now. After renovations could have a total of 15 units, to increase rents. Income, assessments, and expenses for all parcels.

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