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 buildings, 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.
The median home value in Claverack, NY is $249,200. This is lower than the county median home value of $390,000. The national median home value is $338,100. The average price of homes sold in Claverack, NY is $249,200. Approximately 79.25% of Claverack homes are owned, compared to 9.49% rented, while 11.26% are vacant. Claverack real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Claverack real estate agent to arrange a tour today!
Claverack, New York 12513 has a population of 993. Claverack 12513 is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 22.64%.
The median household income in Claverack, New York 12513 is $149,000. The median household income for the surrounding county is $73,065 compared to the national median of $69,021. The median age of people living in Claverack 12513 is 55.3 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 42 inches per year, with 41.9 inches of snow per year.