Welcome to Catskill Roost, a truly unique investment opportunity nestled in the heart of the Village of Catskill. This exceptional 8 unit multi-family property, set on a generous 0.64-acre lot, offers a captivating mix of historical charm and contemporary amenities. Comprising of two distinct buildings, Catskill Roost is currently fully occupied and presents a solid cap rate.
The Carriage House, has been recently fully restored and renovated to seamlessly blend modern conveniences with its original character. It includes 2 units: a well-appointed one-bedroom on the first floor and a cozy studio on the second. Both units have ductless split units with A/C. Residents enjoy the benefits of a spacious front covered porch with a charming veranda.
The Main House, a striking Second Empire Victorian from the mid-1800s, exudes historical elegance. This iconic building houses 6 generously sized one-bedroom, one-bath units, each characterized by impressive 11-foot ceilings and beautifully restored hardwood floors. Some units boast marble and tile fireplaces adorned with tin accents, while others feature exposed brick walls that add a touch of rustic charm. The modern kitchens come equipped with butcher block countertops, dishwashers, and stylish tile backsplashes. The grand 3 story staircase, complete with its original banister, enhance the building's historic appeal. Keyless entry systems with video throughout ensure both convenience & security for all tenants. The property also includes coin-operated laundry facilities in the basement, fire alarm & separate meters for each unit.
Additional highlights at Catskill Roost include an off-street gravel parking lot with 12 spaces and well-maintained green areas. Both buildings feature large front porches with verandas, creating inviting outdoor spaces for residents. The property is commercially zoned & is ideally located close to key landmarks such as the Rip Van Winkle Bridge, Thomas Cole House and Beattie Power House. Historic Main Street and the Hudson River are in close proximity, and Hudson's Amtrak station and Olana Castle & State Park are less than 10 minutes by car, adding to the property's appeal.
Catskill Roost at 123 William St is not just a property but an opportunity to invest in a piece of Catskill's history while benefiting from its strong rental demand & robust financial returns. The combination of its historic charm, modern updates, and prime location makes it a standout choice for discerning investors.
