Category: Multi-Family

4 Unit, Apartment House, Arts & Crafts, Columbia County, For Sale, High Cap Rate, Hudson NY, Hudson Valley, Investment, Listing for Sale, Multi-Family, Real Estate, Real Estate, Rental Market, Upstate NY

4 Unit Multi Family Apartment House in Hudson NY

$525,000

Just Reduced – $480,000

21-23 Fairview Avenue, Hudson NY 12534

4 Unit Apartment House

The building could use a freshening up. But these four identical units have tons of original details and built-ins. The bones are all here. These apartments are currently renting for $1200 each. But with some minimal upgrades, they could be bringing in substantially more. As they are, the building is doing an 8.07% cap rate. With updated kitchens and baths add in a dishwasher and washer & dryer to each unit and they could conservatively bring in $1600-$1800 each.

See the full listing here

Apartment House, Arts & Crafts, Columbia County, For Sale, Hudson NY, Hudson Valley, Investment, Listing for Sale, Making Upstate Home, Multi-Family, Real Estate, Real Estate, Rental Market, Residential, Three Family, Upstate NY

3 Unit Multi-Family in Hudson NY

$420,000 3 Unit – Multi Family Apartment House

32 Fairview Ave, Hudson NY 12534

Three-story, Three unit multi-family building with wonderful original details. This property will be spectacular when it is fully restored. Or leave it as it is and watch the money come in.

Located on Fairview Avenue between Green Street and Storm Avenue. Could be a great Opportunity Zone project. Amazing original details, just waiting for your creativity. In great shape as-is. Restored, it would be stunning.

See the full listing here

4 Unit, AirBNB, Apartment House, Bed & Breakfast, Commercial, Greene County, High Cap Rate, Inn, Listing for Sale, Live/Work, Lodging, Making Upstate Home, Multi-Family, Real Estate, Real Estate, Rental Market, Studio, Three Family

Absolutely Turn-Key 4 Unit MultiFamily – Downtown Catskill – 11%+ Cap Rate

SOLD – $355,000

Located on a quiet street, only two blocks from the historic center, the creek, cinema, antique stores, coffee shops, nightlife and restaurants. The Lumberyard, the new dance and performance venue is short walk from home. Five minutes to Catskill point overlooking the Hudson River. Short drive to ski resorts, lakes, waterfalls and more.

The property features 3 renovated apartments and a stunning bonus on the top floor: a large open studio, overlooking the gorgeous Catskill Mountain sunsets.

Brand new roof and gutters, new furnace, with new kitchens and bathrooms. You literally do not have to do a thing.
Beautiful backyard perennial garden with fruit trees.

Upgrades

• New Roof (2018)
• New Gutters (2018)
• New Furnace (2017)
• New stairs (2017)
• 5 bedrooms (2 in the main apartment)
• 4 kitchens
• 4 full bathrooms
• Attached garage
• Double Pane storm windows
• Finished large basement with washer dryer + extra freezer and fridge
• Nice size backyard with bbq cabana and large tool shed
• Solar panels (which power forced hot air heat – lower heating bill!)
• Steam Shower, radio-mp3, multi-jets, rain shower, jacuzzi…
• New hardwood and tile floors.
• Gas fireplace

In the black from day one.

Long rental occupancy history. Rent all four units or live in the main apartment and rent the units above. Even if you occupy the main unit, the property will pay for utilities, insurance, taxes AND put money in your pocket every month.

The property owners are only selling because they are moving abroad to Mexico and don’t want to manage a property long distance. You must see the property to understand it’s beauty and value. Make an appointment now.

Apartment House, Bed & Breakfast, Columbia County, Hudson NY, Hudson Valley, Listing for Sale, Lodging, Multi-Family, Real Estate, Real Estate, Rental Market, Rental Market

Hudson’s Hot Rental Market – Get In!

SOLD

Selling Price: $510,000

Four Unit Apartment House with Great Original Details.

Almost nothing to do to it. Get the keys and rent them out.

50

Four Units with four separate addresses and entrances. Shared backyard. Top two units have decks out back and the bottom units open to the garden. Four separate furnaces and hot water heaters. Tenants all pay their own heat and hot water. With very little updating, these units can all make a substantial jump to current market rate rents. With some basic excavation work and a retaining wall there is also room for 4 off-street parking spots on the alley.

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Tenants currently paying way, way below market rents of between $550 and $650 per month for 2 bedrooms with full bath and outdoor space.. You could easily double and possibly even triple the current rents and still be below market. Property can be delivered vacant.

It’s your chance to get into the extremely hot rental market in Hudson NY.

Don’t miss it!

See the full listing here.

 

Want to set up a showing? Contact Victor below.

Columbia County, First Time Homebuyer, Hudson NY, Listing for Sale, Live/Work, Multi-Family, Real Estate, Real Estate, Residential, Two-Family, Upstate NY

Two Houses for the Price of One – Just Reduced – $235,000

Beautifully maintained 1930’s two-story main house 3-4 bedrooms, 1800 sq ft. With a one story 870 sq ft. 2 bedroom guest house, rental unit or mother-in-law unit in back. Legal multi-family. Buildings sit on 2 acres. Fenced yards, large chicken coop, mature fruit trees out back. Even room to farm. Lots of original details. Wood boiler, Pellet stove, wood burning fireplaces all make it nice and cozy. Exterior paint less than 2 years old, roofs, windows, furnace, well pump all less than 10 years old. Move in condition! Ideal for a family with teenagers that you want out of the house but not too far away. Or for people needing to look after elders.

PRICE REDUCED

$235,000

More information here