Price Reduced 8.03%

$275,000 ($55.80 per sqft)

Est. Mortgage $1,462/mo *

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Price History

$299,000
8/23/2024

$275,000
11/16/2024

18 Mountain Turnpike, Catskill, NY, 12414

18 Mountain Turnpike, Catskill, NY, 12414
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10 beds

7 Full baths

1920

4,928 sqft

Opportunity awaits at 18 Mountain Turnpike! This 5-unit apartment building offers a significant investment potential with a promising estimated gross income of $112,000 per year. Recent upgrades include a new 7-meter electric panel, a new heating system installed in 2020, and a state-of-the-art engineered 3,000-gallon septic system also from 2020.The property features ample parking for approximately six cars and includes a two-car garage with three storage units. Please note, the building is currently gutted and requires extensive structural and renovation work, with estimated repair costs ranging from $75,000 to $100,000 per unit. This property will not qualify for financing and is being sold AS-IS.This is a perfect project for the savvy investor ready to transform this space into a high-income-generating property. Don't miss out on this exciting opportunity!

Status:

Active

Type:

Multi-family

Units:

6

Zoning:

HC

Heating:

Hot Water

Basement:

Partial

Parking:

2 car

Acreage:

2

Assessment

$147,800

High School:

Catskill

School District:

Catskill

Days on Market:

89

MLS #:

154138

Community Info

School Info

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Listing courtesy of Century 21 New West Properties