Active
20 Church Street
Claverack NY, 12565
$4,925,000
$142.44 per sqft
Active
34,576 sqft
Multi-family
This exclusive opportunity features a portfolio of nine properties in Philmont, NY, offering a mix of residential units across various addresses, all within a few block radius. The seller, a seasoned investor, prefers to sell the portfolio as a whole, though individual sales are possible. This portfolio offers an immediate income-generating investment with a projected NOI of $433,661. With a mix of fully renovated units and others primed for upgrades, the portfolio promises both stability and growth potential. Each property has been maintained by the owner, who employs a team of contractors and utilizes DoorLoop for seamless property management. This portfolio offers immediate returns and long-term appreciation in a market with rising property values and increasing demand.Portfolio Highlights:Located in the up-and-coming village of Philmont, NY in the Hudson Valley, attracting both locals and city dwellers.62 Main Street nearing completion of extensive renovation. This key building will feature 5 newly renovated units, a fully restored facade, new insulation, replacement of central oil heat with electric heating in each unit, and all new bathrooms.National Parks and SHPO historic restoration tax credits have been approved for both buildings at 7 Church Street. These approvals are transferable with the sale, reducing renovation costs for investors.Strong mix of unit sizes--from 1-bedroom units to larger 3-bedroom duplexes--offering a variety of rental options.Low landlord expenses on renovated properties. Recent upgrades, including new HVAC systems and electric heating, reduce operational costs and increase profitability.Transferable management software. The current owner uses the state-of-the-art DoorLoop online system to manage tenants and maintenance, leasing, applications, background checks, and rent collections, which can easily be transferred to new ownership.Opportunities for value-add improvements. Several units and buildings are vacant or under renovation, offering investors the chance to enhance value through continued upgrade
154962
MLSⓇ ID
November 18, 2024
Listed
December 3, 2024
Updated
Map
20 Church Street
Claverack NY, 12565
Interior Features
Appliances
Built-In Range, Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Oven, Refrigerator, Washer, Washer/Dryer, Washer/Dryer Stacked
Floor Description
Hardwood, Laminate, Wood
Fireplace
No
Cooling
Yes
Cooling Description
See Remarks
Heating
Yes
Heating Description
Other
Exterior/Building Features
Exterior Features
Clapboard, Vinyl, Wood
Architectual Style
A-Frame, Arts Crafts, Gothic Revival, Ranch, Saltbox, Traditional
Roof
Asphalt, Other
Sewer
Municipal
School Information
School District
Taconic Hills
Other Property Details
Area Name
Claverack
Garage
No
View
No
County
Columbia
Water Source
Municipal
Pool
No
Listing Courtesy of Houlihan Lawrence Inc., Rachel Haley
The data relating to real estate for sale on this website comes in part from the IDX Program of the CGNDMLS. Real estate listings held by brokerage firms other than The Angela Lanuto Team are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. For the most current information, contact The Angela Lanuto Team, [email protected], .
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Data last updated 5:27 PM UTC, 12/3/2024