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House
·
for sale
USD 2,195,000
USD 184/sq.ft
1014 New York 23a
Kiskatom
· 11,916 sq.ft · 12 Baths · House
Kiskatom · 11,916 sq.ft · 12 Baths · House
12-Unit Multifamily Investment Opportunity | Catskill, NY Strong Cash Flow ÂÂ. Value-Add Upside ÂÂ. Prime Hudson Valley Location Introducing 1014 Route 23A, Catskill, NY, a well-maintained 12-unit multifamily property offering stable income, significant upside potential, and extensive recent capital improvements. Situated on 1.6 acres in the thriving Catskill/Hudson Valley market, this asset is ideal for investors seeking dependable cash flow and long-term appreciation. The property consists of three two-story buildings with 12 spacious two-bedroom, one-bathroom apartments totaling approximately 11,920 rentable square feet. Current income is approximately 15,725/month from residential rents plus 500/month from on-site laundry, generating 194,700 in annual gross income. Several units remain below market rent, providing a clear path to increased revenue and a 9 cap rate at stabilization. Efficient Operations: Each apartment is separately metered and features electric baseboard heat and
12-Unit Multifamily Investment Opportunity | Catskill, NY Strong Cash Flow ÂÂ. Value-Add Upside ÂÂ. Prime Hudson Valley Location Introducing 1014 Route 23A, Catskill, NY, a well-maintained 12-unit multifamily property offering stable income, significant upside potential, and extensive recent capital improvements. Situated on 1.6 acres in the thriving Catskill/Hudson Valley market, this asset is ideal for investors seeking dependable cash flow and long-term appreciation. The property consists of three two-story buildings with 12 spacious two-bedroom, one-bathroom apartments totaling approximately 11,920 rentable square feet. Current income is approximately 15,725/month from residential rents plus 500/month from on-site laundry, generating 194,700 in annual gross income. Several units remain below market rent, providing a clear path to increased revenue and a 9 cap rate at stabilization. Efficient Operations: Each apartment is separately metered and features electric baseboard heat and
USD 2,195,000