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], .

© 2024 CGNDMLS. All rights reserved.

Data last updated 5:27 PM UTC, 12/3/2024

 

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