Attention Investors! Brand new 4-unit apartment building offering modern luxurious living. Each spacious 2 bedroom, 1 1/2 bath apartment is meticulously designed, including a stunning kitchen with upgraded cabinets, stainless appliances, stone counters, DW and premium vented hoods. 10' ceilings and open floor plan seamlessly connects living and dining areas, ideal for entertaining and comfort. The high-end bathrooms feature premium Moen fixtures, tiled tub, mirrored medicine cabs, and 8' glass doors. Large closets and large windows abound providing abundant storage, light & air. Each unit has separate very high-efficiency 2-zone central heating & cooling. All utilities are separately metered and paid by the tenants. Each units features a grand oak staircase, washer/dryer closet, 2 off-street parking spots, private entrance, private deck, and double sound barrier walls between units. All units rented quickly yielding an impressive annual income of $114,570 with a conservative 5% vacancy factor, yielding an attractive 8%+ cap rate after expenses. Located in the charming Village of Wurtsboro, the town in the Catskills closest to NYC, nature enthusiasts can enjoy several nature trails that run thru town and many wonderful nearby mountain attractions, and with the town's many galleries, restaurants and shops, this property promises not only financial rewards but also a vibrant community atmosphere. Don't miss out on this one-of-a-kind investment opportunity.
The median home value in Wurtsboro, NY is $267,700. This is higher than the county median home value of $254,500. The national median home value is $338,100. The average price of homes sold in Wurtsboro, NY is $267,700. Approximately 68.46% of Wurtsboro homes are owned, compared to 22.88% rented, while 8.67% are vacant. Wurtsboro 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 Wurtsboro real estate agent to arrange a tour today!
Wurtsboro, New York 12790 has a population of 1,226. Wurtsboro 12790 is more family-centric than the surrounding county with 30.59% of the households containing married families with children. The county average for households married with children is 27.82%.
The median household income in Wurtsboro, New York 12790 is $75,469. The median household income for the surrounding county is $63,393 compared to the national median of $69,021. The median age of people living in Wurtsboro 12790 is 45.1 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 48.6 inches per year, with 54.5 inches of snow per year.