Pending Continue to Show
5368 Route 32
Catskill NY, 12414
$1,700,000
$103.51 per sqft
Pending Continue to Show
16,423 sqft
Commercial
Built in 1950
Unlock the potential of your investment portfolio with a Catskills gem that offers great returns and the possibility of expansion. Located in the heart of the majestic Catskill Mountains, this property is sure to interest savvy investors who are looking for the next big thing, offering both a well-established apartment building and a footprint that has other possible building sites. As you step onto this outstanding 18-acre landscape, you'll be captivated by the breathtaking mountain views. Here your investment remains rock-solid, with a 20-unit motel, including 19 occupied studio and efficiency apartments, plus one partially renovated apartment unit available for viewing. All of this is set within a sturdy 16,000 sq ft steel & cinder block building, providing a steady stream of rental income. For those thinking ahead and looking for future opportunities, you'll be impressed by this potential-filled property. The lay of the land offers the possibility to create additional structures that could enhance your income even further. All of this is set on a wooded property, complete with a babbling stream and open pasture, ready for your amazing ideas. For the savvy investor, the numbers speak volumes - a 7.5% cap rate ensures a solid income property, while tenants shoulder the responsibility of paying rent, leaving you with minimal worries. In addition to this, while tenants pay rent, you, the owner, cover all utilities to guarantee a steady stream of income. Seize this opportunity to write your own success story in the heart of the amazing Catskills. Schedule a viewing today!
20233089
MLSⓇ ID
October 18, 2023
Listed
May 14, 2024
Updated
Map
5368 Route 32
Catskill NY, 12414
Interior Features
Appliances
Water Heater, Electric Water Heater
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard, Electric, Oil, Propane
Exterior/Building Features
Lot Size
18.5 Acres
Sewer
Septic Tank
School Information
School District
Other
Other Property Details
Area Name
Greene
Taxes
$12,000
Tax Frequency
Annually
Garage
No
View
No
County
Greene
Municipality
Catskill
Pool
No
Buyer Agency Compensation
2.5%
Listed by Jeanne Rakowski with Corcoran Country Living
Listing Contact:
The IDX display contains information sourced from the Hudson Valley Catskill Region MLS as of 5/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Hudson Valley Catskill Region MLS all rights reserved.
Data last updated on 5/14/2024 at 11:39 PM UTC