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.