Welcome to this income generating Duplex, located in the heart of Cold Spring NY! This location is very much in demand for its accessibility to metro north (giving you quick access into NYC), its walkability to many great restaurants, and the towns beautiful Hudson River scenery. This property is profitable, total current monthly income is $5700 a month, with opportunity to increase rents further to reach market value. Each unit has its own electric meter. Currently one unit is a 3-bedroom on a lease and the second unit is used as a 1-bedroom Airbnb. Property provides each unit with access to the backyard for relaxation, along with access to on-street/off-street parking and a shed. Front of the property also provides tenants with a porch for each unit. Beautiful hardwood floors are throughout each unit's interior. It is rare that multifamily properties go on sale in this area, take advantage of this opportunity to invest in the Cold Spring real estate market today!
The median home value in Cold Spring, NY is $541,000. This is higher than the county median home value of $338,400. The national median home value is $219,700. The average price of homes sold in Cold Spring, NY is $541,000. Approximately 53.29% of Cold Spring homes are owned, compared to 30.84% rented, while 15.87% are vacant. Cold Spring 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 Cold Spring real estate agent to arrange a tour today!
Cold Spring, New York 10516 has a population of 1,834. Cold Spring 10516 is more family-centric than the surrounding county with 37.04% of the households containing married families with children. The county average for households married with children is 35.86%.
The median household income in Cold Spring, New York 10516 is $93,839. The median household income for the surrounding county is $99,608 compared to the national median of $57,652. The median age of people living in Cold Spring 10516 is 47 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 49.8 inches per year, with 41 inches of snow per year.