Active

18 Mountain Turnpike

Catskill NY, 12414

$299,000


$60.67 per sqft

Active

10 Beds

7 Baths

4,928 sqft

Multi-family

Built in 1920

Opportunity awaits at 18 Mountain Turnpike! This six-unit apartment building offers a significant investment potential with a promising estimated gross income of $112,000 per year. Recent upgrades include a new 6-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!

154138

MLS ID

August 23, 2024

Listed

October 1, 2024

Updated

Map

18 Mountain Turnpike
Catskill NY, 12414

Interior Features

Bedrooms

10


Total Bathrooms

7


Full Bathrooms

7


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Hot Water

Exterior/Building Features

Lot Size

2 Acres


Exterior Features

Vinyl


Roof

Metal


Sewer

Septic Tank

School Information

School District

Catskill

Other Property Details

Area Name

Catskill


Garage

No


View

No


County

Greene


Water Source

Well


Pool

No

 

Listing Courtesy of Century 21 New West Properties, Michael Magliocca

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 9:00 PM UTC, 10/1/2024

 

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