Unbelievable property, setting, and income producing! Attention all investors, professionals seeking office buildings, or for use as a owner occupied main home with income producing capability. This property consists of 4 multi-family buildings all in mint condition set on over 3.9 acres of level lake front property. Main building -currently set up as a single family 3020 SQFT-5br-3bth (has 2 fam status). Blding 2 -Brick 3 family, 2569 SQFT-6br-3bth, Blding 3-2 family 1536 SQFT-4br-2bth, Blding 4-1566 SQFT-4br-2bth. ROI rate Potential for above 9% and Cap Rate potential for above 8%. Subdivision or professional office potential, but must be verified. This property is a turn key investment, all units are fully occupied. Lake frontage is set back far on property. Each unit has its own entrance and outdoor area either by patio or porch/deck. Property is 100% level and usable. Less then 5 minutes to Poughkeepsie town center and 10 minutes to New Paltz. Truly a must see to appreciate.
Courtesy of: Coldwell Banker Residential Brokerage - Somers New York Office
Office Phone: (914) 277-5000
Listing Agent: Jayne Morelock
Updated: 23rd October, 2018 12:21 PM.
246 Vineyard Avenue Highland, NY