5635 Highway 82
5635 Highway 82
$895,000
5
4
5,272
5,272
$170
Description
Outstanding Investment Opportunity This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This remarkable property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains....Outstanding Investment Opportunity This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This remarkable property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units boast long-term tenants, with current rents positioned below market rates, suggesting a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property not only promises a robust current income but also the opportunity to enhance its capitalization rate. Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ALL OFFERS are welcome for consideration.
- Listed by Rebecca Hanlon • Corcoran Country LivingP: 845-876-6676 C: 845-876-6676 Rebecca.Hanlon@Corcorancl.com
Property Details for 5635 Highway 82
Township
Stanford
ViewPanoramic
Architectural StyleColonial, Cottage
Garage Spaces.00
Location
LISTING UPDATED: 04/04/2024 10:58 AM
Property Details for 5635 Highway 82
Status | Active |
---|---|
MLS # | H6293201 |
Days on Market | 52 |
Taxes | $7,078 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1900 |
Lot Size | 1.86 AC / 81,022 SF |
County | Dutchess County |
Location
Building Information for 5635 Highway 82
Stories-Residences4Year Built1900Building Size-Lot Size1.86 AC / 81,022 SF
Payment Calculator
$5,474 per month
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Property Information for 5635 Highway 82
Schools near 5635 Highway 82
This home is within Pine Plains Central School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 1 | |||
Public - | 2 to 5 | |||
Public - | 6 to 12 | |||
Private - | PK to 12 |
Rating | School | Distance |
---|---|---|
Cold Spring Early Learning Center PublicPK to 1 | ||
Seymour Smith Intermediate Learning Center Public2 to 5 | ||
Stissing Mountain High School Public6 to 12 | ||
Upton Lake Christian School PrivatePK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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