Property Details

Overview

LUCRATIVE INVESTOR OPPORTUNITY, live in one unit and rent out the other three, or accommodate a large family. Immaculately maintained, renovated, turnkey legal 4 family home. $75K reduction, priced to sell. -$50K+ annual profit. LOW TAXES. Certificate of Occupancy, 100% to code. Three 1 bed, 1 bath apartments and one 2 bed, 1 bath apartment. Currently all 4 units are rented on a month to month basis without active leases in place. Square footage: Unit A- 640 sqft, Unit B- 800 sqft, Unit C- 1000 sqft, Unit D- 665 sqft. Located in Grahamsville, Sullivan County Catskills, the home of The Little World’s Fair, the oldest in NY. This stately multifamily with a wraparound porch is located in a prime location: right on Main Street, County Route 55. Grahamsville has a charming small town, old world ambiance. This tranquil setting is surrounded by breathtaking mountains, creeks for boating and fishing, and reservoirs. Enjoy swimming, hiking, a multitude of state parks, Bethel Woods, the casino, shopping, Minnewaska State Park, Kartrite Resort and Indoor Water Park, Holiday Mountain Ski and Fun Park, lakes, wineries, eateries, golf, skiing, paragliding, festivals, and much more. Minutes from neighboring Ulster County; 25 min to Monticello and its casino, Resorts World Catskills; 20 min to Route 209, Ellenville, and Kerhonkson; under 30 min to NY-17. Seller has been meticulously maintaining and upgrading the property for many years. Property has been fully occupied with tenants for the last 30+ years. No capital improvements will be required in the foreseeable future. Walking distance to Tri-Valley Central School, grades K-12. Walking distance to bank, post office, shops, park. Tenants pay all utilities and trash, municipal sewer. 5 electric meters, 5 gas meters, 4 hot water heaters, 4 boilers. All utilities are turned on. Ample parking for up to 12 vehicles. Generator included in sale. 2 of the units feature fireplaces. Town residents can enjoy the pool, tennis, pickleball, basketball, ice skating, and fields for ball sports. Currently below market rent. Schedule your appointment today!