$275,000
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18 Mountain Turnpike Rd Catskill, NY 12414
Multi-Family
Residence
10
Beds
7
Baths
4,928
Sq. Ft.
2
Acre
Lot
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Opportunity awaits at 18 Mountain Turnpike! This 5-unit apartment building offers a significant investment potential with a promising estimated gross income of $112,000 per year. Recent upgrades include a new 7-meter electric panel, a new heating system installed in 2020, and a state-of-the-art engi...neered 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!
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MLS#
154138
Property Type
Multi-Family
Bedrooms
10
Bathrooms
7 Full
Year Built
1920
Square Feet
4,928
sq. ft
Price per Sq. Ft.
$0.00
Lot Size
2
Sewer
Holding Tank
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