Listing Courtesy of: Rochelle Bartolo - Beach & Bartolo Realtors 518-392-2700
$1,850,000 affordable loan icon Calculate Payment

167 State Route 23 Claverack, NY 12513

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Multi-Family Residence
30 Beds
16 Baths
16,000 Sq. Ft.
2.13 Acre Lot

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Last updated on 11/7/2024 10:05 AM
It's rare to come across such a unique investment opportunity in our area. The current property owner has maintained and cared for this property since 1978, with tenants rarely leaving. Most tenants have resided there for over a decade. The property spans 2.13 acres and comprises four separate build...ings, each housing four rental units, totaling 16 apartments. There are 14 two-bedroom apartments and two one-bedroom apartments. Tenants cover their heat and utilities, except for the rear colonial building where the owner pays for oil heat. While only three apartments in the colonial building have dishwashers, all other apartments are furnished with a stove, refrigerator, dishwasher, water heater, microwave, and air conditioner. Tenants have access to two parking lots, with the owner handling trash removal, snow removal, lawn maintenance, and providing coin-operated laundry facilities. All tenants are on a month-to-month lease, and there's a waiting list for apartments. The current annual gross rental income is $137,000 with expenses at $67,139. Rents are currently below market value, averaging $812.00 per apartment. The complex is fully occupied, with one unit under renovation and another used by the owner when in the area. This is a fantastic opportunity for serious investors to benefit from the owner's hard work. Proof of funds is required before showings. Continue reading
MLS#
152736
Property Type
Multi-Family
Bedrooms
30
Bathrooms
16 Full
Year Built
1971
Square Feet
16,000 sq. ft
Price per Sq. Ft.
$0.00
Lot Size
2.13
Sewer
Holding Tank

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Listing Courtesy of: Rochelle Bartolo - Beach & Bartolo Realtors 518-392-2700
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


The data relating to real estate for sale on this web site comes in part from the Columbia Greene Northern Dutchess MLS. Real estate listings held by brokerage firms other than Xome include the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Per New York legal requirement, click here for the Standard Operating Procedures. Copyright 2024 Columbia Greene Northern Dutchess MLS. All rights reserved.
This content last refreshed on 11/7/2024 10:05 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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