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5759 ROUTE 23A TANNERSVILLE, NY 12485
- Commercial / Resale (MLS)
Property Details for 5759 ROUTE 23A, TANNERSVILLE, NY 12485
Features
- Price/sqft: $121
- Lot Size: 40511 sq. ft.
- Total Units: 9
- Total Rooms: 5
- Room List: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Stories: 300
Facts
- Year Built: 01/01/1960
- Property ID: 881182215
- MLS Number: 152566
- Parcel Number: 193689 182.00-1-5.11
- Property Type: Commercial
- County: GREENE
- Zoning: 01 - NOT Z
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Introducing a remarkable investment opportunity nestled within the scenic surroundings of Tannersville, NY. This property boasts 9 apartments and 2 commercial office spaces, spread over a .93-acre parcel. Located a mere 3 miles from the thrilling slopes of Hunter Mountain Ski Resort and 2 miles from the serene beaches and trails of North/South Lake, this property promises a unique blend of serene living and outdoor adventure. Offering an attractive proposition for investors, this property generates considerable rental income with a strong history of full occupancy. Annual income is $102,120, expenses are approximately $42,118 with a $60,002 annual profit. The diverse array of living spaces includes studios, one-bedroom units, and exclusive units featuring lofts, with rental rates ranging from $750 to $925 per month. In addition to the residential units, the two office spaces have potential to yield $500 per month A lasting testament to its appeal is the current ownership stretching over 35 years, during which it has attracted and retained responsible tenants. Conveniently located just 2 hours from NYC, this property stands out as a gateway to the plethora of leisure activities the area has to offer, including skiing at Hunter and Windham Mountains, hiking at Katterskill Falls, and several nearby golf courses. With such a diverse range of attractions, this investment opportunity is poised to attract a steady stream of tenants year-round. View at https://www.youtube.com/watch?v=u3Iydnq2LKc (Youtube video is dated 2013 and was created by the owner/seller). Photos provided in this listing are owned by the seller. The photos have been taken over the years.
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Property Brokerage:
Coldwell Banker Village Green Realty
5354 State Route 23
Windham
NY
12496
Copyright © 2024 Columbia Greene and Northern Dutchess MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.