Philmont NY Multi Family for Sale
$4,925,000
20 Church St Philmont, NY 12565
ADDITIONAL INFORMATION
This exclusive opportunity features a portfolio of nine properties in Philmont, NY, offering a mix of residential units across various addresses, all within a few block radius. The seller, a seasoned investor, prefers to sell the portfolio as a whole, though individual sales are possible. This portfolio offers an immediate income-generating investment with a projected NOI of $433,661. With a mix of fully renovated units and others primed for upgrades, the portfolio promises both stability and growth potential. Each property has been maintained by the owner, who employs a team of contractors and utilizes DoorLoop for seamless property management. This portfolio offers immediate returns and long-term appreciation in a market with rising property values and increasing demand.Portfolio Highlights:Located in the up-and-coming village of Philmont, NY in the Hudson Valley, attracting both locals and city dwellers.62 Main Street nearing completion of extensive renovation. This key building will feature 5 newly renovated units, a fully restored facade, new insulation, replacement of central oil heat with electric heating in each unit, and all new bathrooms.National Parks and SHPO historic restoration tax credits have been approved for both buildings at 7 Church Street. These approvals are transferable with the sale, reducing renovation costs for investors.Strong mix of unit sizes--from 1-bedroom units to larger 3-bedroom duplexes--offering a variety of rental options.Low landlord expenses on renovated properties. Recent upgrades, including new HVAC systems and electric heating, reduce operational costs and increase profitability.Transferable management software. The current owner uses the state-of-the-art DoorLoop online system to manage tenants and maintenance, leasing, applications, background checks, and rent collections, which can easily be transferred to new ownership.Opportunities for value-add improvements. Several units and buildings are vacant or under renovation, offering investors the chance to enhance value through continued upgrade
$369,999
Main St Philmont, NY 12565
- Type:
- Multi-Family
- Sq.Ft.:
- 2,119
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.24 Acres
- Year built:
- 1890
- Baths:
- 3.00
- MLS#:
- 152164
ADDITIONAL INFORMATION
Nestled on a serene quarter-acre lot, this unique property boasts a historic two-family home and a spacious 2400 square-foot barn, offering a blend of historic charm and modern living. Constructed in 1890, the residence retains its original character while providing ample space and comfort for a modern lifestyle. Each unit of the home features distinct living spaces, allowing for privacy and convenience, making it ideal for a primary residence, investors, or those seeking a potential income property. The barn, a highlight of the property, presents endless possibilities. Whether you envision a creative studio, workshop, or a place to host gatherings, this expansive space is a future canvas waiting to be transformed. Its historical significance and architectural detail adds to the allure, making it a rare find. Location is key, and this property does not disappoint. Situated just a stone's throw from a local co-op, it offers easy access to fresh, local produce and goods, fostering a lifestyle of health and sustainability. Additionally, the vibrant city of Hudson, is merely 15 minutes away. Known for its exquisite dining, art scene, and shopping, Hudson provides an urban escape for those looking to enjoy the best of both worlds. This property is not just a home; it's a piece of history, a community connector, and a gateway to the natural beauty and cultural richness of the Hudson Valley. Whether you're drawn to its potential for creativity, its investment opportunities, or simply its charming setting, this two-family house with a barn is a rare gem waiting to be discovered. Learn more of what the beautiful Village of Philmont has to offer!
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.
Philmont Real Estate
The median home value in Philmont, NY is $441,250. This is higher than the county median home value of $390,000. The national median home value is $338,100. The average price of homes sold in Philmont, NY is $441,250. Approximately 40.35% of Philmont homes are owned, compared to 39.77% rented, while 19.88% are vacant. Philmont 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 Philmont real estate agent to arrange a tour today!
Philmont, New York has a population of 1,403. Philmont is less family-centric than the surrounding county with 14.24% of the households containing married families with children. The county average for households married with children is 22.64%.
The median household income in Philmont, New York is $54,477. 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 Philmont is 50.9 years.
Philmont Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 42.1 inches per year, with 41.9 inches of snow per year.